These 3 Energy Stocks Should Have the Fuel to Continue Paying a Gusher of Dividends
The energy sector offers the highest average dividend yield in the S&P 500, at 4.1%, more than double the index's 1.6% dividend yield. Many energy stocks offer even higher dividend yields, fueled partly by higher oil and gas prices.
Most analysts believe the sector can continue paying out sizable dividends through at least next year because they expect companies to generate lots of free cash flow. Three energy stocks that stand out for their abilities to pay big dividends are Coterra Energy (NYSE: CTRA), Devon Energy (NYSE: DVN), and Kinder Morgan (NYSE: KMI).
Coterra Energy has paid out $2.49 per share in dividends over the past year. That gives it a whopping 10.3% annualized dividend yield at its recent share price.
Source Fool.com
