These Energy Stocks Now Yield Up To 20%

Posted by D4L | Saturday, December 07, 2013 | | 0 comments »

Dividend investors crave predictability. Once they lock onto payment streams, they don't want to hear about any interruptions. And if a company dares to withhold a quarterly dividend payout, then many investors simply head to the exits. I discussed this phenomenon recently with regard to Carl Icahn and his big stake in CVR Refining (NYSE: CVRR). As I noted earlier this month, CVR had a big hiccup with its third-quarter dividend, but it appears positioned to pay out $3 or $4 per unit in dividends next year. Shares trading around $22 don't begin to reflect that potential income.

A bullish vote of confidence from this group: In the most recent earnings season, Marathon Petroleum (NYSE: MPC), Phillips 66 (NYSE: PSX) and Tesoro (NYSE: TSO) all boosted their share buyback programs. That should set the stage for solid earnings growth in 2014 as the industry stars realign. But these refiners' dividend yields hover around 2%, which has partially kept them out of favor. I remain partial to HollyFrontier (NYSE: HFC), which has a dividend yield exceeding 4%, a very strong balance sheet, and a path to cost cuts. But if you're looking solely for yield, CVR Refining and Alon USA Partners, with their prospective yields exceeding 20%, simply can't be beat.

Source: Investopedia

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