Dividends4Life: 3 Rock-Solid Dividend Stocks in Energy

3 Rock-Solid Dividend Stocks in Energy

Posted by D4L | Wednesday, November 04, 2015 | | 0 comments »

One sector of the market where you can find some of those generous yields is the energy industry, but it is also an industry that is rife with companies that may not have what it takes to pay the kind of reliable dividends investors crave. So we asked three of our energy contributors to share a company they see as one of the most reliable dividend stocks you can buy. Here's what they had to say.

Jason Hall: National Oilwell Varco (NYSE:NOV) is one of the most important suppliers of drilling equipment and parts for the oil and gas industry, and the downturn has weighed heavily on the company's business over the past year. Matt DiLallo: On ConocoPhillips' (NYSE:COP) second-quarter conference call, CEO Ryan Lance pounded the table on the long-term viability of the company's dividend. He led off his prepared comments with the following proclamation: "The dividend is safe. Let me repeat that. The dividend is safe." Tyler Crowe: One of the biggest challenges for investors in the energy space is to find companies that can pay out dividends quarter after quarter without being compromised by the swing of commodity prices. One way to do this is look for companies for which commodity prices don't matter as much. That is why a company like Magellan Midstream Partners (NYSE:MMP) makes for a rock-solid dividend investment, so little of its business is dictated by the price of commodities

Source: Motley Fool

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