2024-09-02 06:45:00 ET
If you want high-yield stocks, the oil and gas sector offers plenty of great options that are worth considering as part of a diversified portfolio. The challenge, of course, if finding the right ones.
If you are looking for some high-yield stocks to add to your portfolio in September, you might want to consider Devon Energy (NYSE: DVN) , Diamondback Energy (NASDAQ: FANG) , and/or Vitesse Energy (NYSE: VTS) . All three are excellent dividend stock candidates worth a closer look. Here's why.
The stock for this U.S.-based oil and natural gas producer is trading slightly down year to date despite the price of oil holding up much better than many investors anticipated. In addition, Devon's focus on investing in its core Delaware Basin assets has improved productivity, and the company has already upgraded its production volume estimates twice this year, implying a 5% increase over its original guidance.