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VET - 2 Dividend Stocks For Safe Income While Oil Prices Are Down
Vermilion Energy Inc. Common
Investors may be attracted to high-yield oil & gas producers, such as Vermilion Energy (VET, TSX:VET). However, the stock price getting shaved 36% in the past 12 months indicates that there are heightened risks in the juicy yield. A year ago, Vermilion offered a yield of nearly 6%. Today, it offers a whopping yield that's over 9%!
There may be a place in investors' portfolios for higher-risk stocks like Vermilion that offer an above-average yield and upside potential at the right price.
However, if that's not for you, here are two lower-risk dividend