3 High-Yield Stocks at Rock-Bottom Prices
With the yield on the S&P 500 index at a scant 1.4% right now, investors are likely to have a hard time finding high-yield stocks. That said, the out-of-favor midstream energy sector is chock-full of stocks with fat yields. But you have to be selective, which is why your short high-yield list should start with this trio of industry-leading names.
Magellan Midstream Partners (NYSE: MMP) is a master limited partnership (MLP) that operates in the oil (34% of operating margin) and refined products (64%) spaces. Roughly 85% of its top line is fee based, so it largely gets paid for the use of its assets; the commodity price of the products it is helping to move is much less important. The current distribution yield is a huge 8.8%, which is near the high end of its historical range, suggesting the units are cheap today.
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Source Fool.com
