2 Dividend Stocks Under $20 to Consider Buying Right Now
Energy markets look ripe for a recovery. Though uncertainties such as rising coronavirus cases in the U.S. and Europe remain, oil and gas demand-supply dynamics could be improving. Curtailed production by U.S. producers and talks of extending cuts by OPEC and its partner countries should help sync oil and gas supply with their demand. At the same time, the U.S. Energy Information Administration expects oil demand in 2021 to rise from its levels in 2020. Let's look at two energy stocks trading under $20 that offer attractive dividend income and could be on stronger footing now that energy markets are finding balance.
With a dividend cut in 2014, Kinder Morgan (NYSE: KMI) fails to attract investors looking for existing or soon-to-be Dividend Aristocrats. Indeed, that could be the reason this stock is available at a sale. But there are enough reasons to consider buying this top midstream operator right now.
First and foremost, Kinder Morgan has been consistently working to reduce its debt ever since it was forced to slash its dividends due to its high leverage in a deteriorating market. And it has progressed significantly on that front.
Source Fool.com
