3 Top Energy Dividend Stocks to Buy in January
The energy industry is coming off its best year in quite some time. Higher oil and gas prices fueled some big-time gains across the sector last year. The improving market conditions have also bolstered the industry's financial picture, giving many energy companies the flexibility to pay higher dividends. Three energy dividend stocks that stand out as attractive buys this month are ConocoPhillips (NYSE: COP), Enbridge (NYSE: ENB), and Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A).
Higher oil prices have been a boon for ConocoPhillips. The oil giant generated $10 billion in cash flow from operations through the third quarter. That easily funded the company's $1.8 billion of dividend payments. It also covered its $3.8 billion of capital spending and allowed it to repurchase $2.2 billion of shares, with money left over to strengthen its already top-notch balance sheet.
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Source Fool.com
