The Best Energy Dividend Stock for a Lifetime of Passive Income
Investors seeking growth typically don't find dividend stocks attractive. However, there are several dividend-paying companies that also offer attractive growth, generating significant price returns. One such energy stock is ONEOK (NYSE: OKE).
Let's take a closer look at why ONEOK is one of the best stocks to generate a steady passive income stream for years.
To begin with, ONEOK has generated steadily growing earnings for decades. This steady growth allowed the company to maintain or grow its per-share dividend for more than 25 years. In the second quarter, ONEOK again reported a 21% increase in its net income. Higher fee rates and increased volumes benefited the natural gas liquids segment, higher commodity prices helped the natural gas gathering and processing segment, and increased storage services contributed to the company's natural gas pipelines segment's earnings.
Source Fool.com
