3 Top Energy Dividend Stocks to Buy in August
The energy sector is on fire. On one hand, oil stocks are crushing earnings estimates on booming cash flows thanks to rising crude oil prices. On the other, clean-energy stocks are getting more investor interest than ever as governments around the globe are pledging to switch to renewable energy.
It's been a double-dip advantage for investors in energy, as not only are stocks rallying but many are also returning boatloads of cash to shareholders in the form of dividends. In fact, some energy stocks are on track for exponential dividend growth but are still trading cheap. Here are three such top energy dividend stocks to consider buying this month.
Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) is one heck of a dividend stock, and there's still time for you to buy this 4.3%-yielding stock before it's too late. If the stock's 19% run up in the last one month makes you think it's expensive, consider this: Clearway Energy's cash from operations (CFO) is at its highest ever, but the stock is still almost 20% away from its 52-week high as of this writing.
Source Fool.com
