2023-04-15 08:07:00 ET
Dividends have fallen out of favor over the years. Companies have de-emphasized dividend payments to retain more cash to reinvest in their business and make share repurchases. Because of that, the dividend yield on most stocks is relatively unattractive compared to other income-generation opportunities.
However, there are a few spots where investors can still get an attractive dividend yield . The energy industry stands out as it offers several appealing options, including Clearway Energy (NYSE: CWEN.A) (NYSE: CWEN) , EnLink Midstream (NYSE: ENLC) , and Kinder Morgan (NYSE: KMI) . Each one yields more than 4%, making them a great way to energize your portfolio by supplying it with high-octane income.
Clearway Energy operates one of the country's largest portfolios of renewable energy -generating facilities. In addition, it produces power from lower-carbon natural gas. Clearway sells its electricity to utilities and large corporate buyers under long-term, fixed-rate power purchase agreements. Those contracts supply it with steady and predictable cash flow to pay dividends.
For further details see:
3 Dividend Stocks Paying More Than 4% That Can Help Energize Your Portfolio