3 High-Yield Stocks at Rock-Bottom Prices
COVID-19 has had a devastating effect on the U.S. economy. One of the many hard-hit sectors has been energy as demand for oil has weakened, which forced many producers to turn off some of their pumps. That's had a trickle-down effect on pipeline companies since the reduced volumes impacted their cash flow and ability to pay dividends. This issue has weighed on valuations across the sector.
Because prices have tumbled, dividend yields have skyrocketed, enabling investors to pick up some big-time payouts at bottom-of-the-barrel valuations. Three such opportunities are master limited partnerships Plains All American Pipeline (NYSE: PAA), Crestwood Equity Partners (NYSE: CEQP), and Magellan Midstream Partners (NYSE: MMP).
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Source Fool.com
