FNV - 3 Great Dividend Stocks to Spice Up Your Portfolio
2024-01-27 13:32:00 ET
Dividend stocks don't have to be boring. Some can really spice up your portfolio by providing diversification, extra income potential, or a supercharged yield.
In that category, Franco-Nevada (NYSE: FNV) , Diamondback Energy (NASDAQ: FANG) , and Energy Transfer (NYSE: ET) stand out to a few Fool.com contributors as strong contenders to enhance any dividend stock portfolio.
Reuben Gregg Brewer (Franco-Nevada): As a streaming and royalty company, Franco-Nevada provides cash up front to mine operators in exchange for the right to buy gold and other precious metals from them at reduced rates in the future. It is best to think of such companies as managing portfolios of mine investments. Right now, though, Franco-Nevada's largest investment is, effectively, shut down. That explains why the stock is drastically underperforming its closest peers, which has pushed its yield up toward its highest levels in five years.
For further details see:
3 Great Dividend Stocks to Spice Up Your Portfolio