PXD - 3 Ultra-High-Yield Dividend Stocks Down 17% to 27% to Buy on the Dip
2023-04-08 06:26:00 ET
Oil and gas prices are down sharply from their peaks, even after the recent Saudi-driven boost . Because of that, many energy stocks have lost altitude. That's driven their already high dividend yields even higher.
Three energy stocks currently offering big-time payouts due in part to the dip in their stock prices in recent months are Crestwood Equity Partners (NYSE: CEQP) , Enbridge (NYSE: ENB) , and Pioneer Natural Resources (NYSE: PXD) . With energy markets likely to improve following the Saudi move, they look like great stocks to buy on the dip for those seeking big-time yields and upside potential.
Units of Crestwood Equity Partners have slumped about 20% over the past year. That has pushed the master limited partnership's (MLP) distribution yield up over 10%.
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3 Ultra-High-Yield Dividend Stocks Down 17% to 27% to Buy on the Dip