If one benefit to the oil slowdown and energy crash stands out, it’s that yields on energy stocks have now reached historical highs. That puts many energy stocks on par with many other traditional dividend sectors. While that current high yield is of little consolation to long-suffering shareholders in many of these firms, for investors just now looking for income opportunities, the sector is ripe for the picking.
Oil prices seem to be stabilizing and many energy stocks have already taken the painful — but necessary — step to cut payouts. Those who haven’t have perhaps already gone through the worst of it. The dividends on many energy stocks are essentially “safer” than they were before. With that in mind, those investors looking for income may want to consider adding a few of the better yielding firms to their portfolio, starting with these seven: TransCanada Corporation (USA) (TRP), Valero Energy Corporation (VLO), Occidental Petroleum Corporation (OXY), ConocoPhillips (COP), Suncor Energy Inc. (USA) (SU), Exxon Mobil Corporation (XOM) and Magellan Midstream Partners, L.P. (MMP).
Source: InvestorPlace
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