The energy industry is highly dependent on commodity prices, making its profits and cash flows sensitive to the economic cycle. However, as oil rebounded from its multi-year lows, certain energy companies are in position to earn profits. These favourable macroeconomic tailwinds have recently made this industry an interesting dividend play. I’ve made a list of other value-adding dividend-paying stocks in the energy industry for you to consider for your investment portfolio.
NuStar Energy L.P. (NYSE:NS) has a enticing dividend yield of 21.14% with a generous payout ratio . NS’s DPS have risen to US$4.38 from US$3.94 over a 10 year period. Alliance Resource Partners, L.P. (NASDAQ:ARLP) has a enticing dividend yield of 12.33% and the company currently pays out 69.74% of its profits as dividends, with analysts expecting the payout ratio in three years to be 112.19%. RPC, Inc. (NYSE:RES) has a good-sized dividend yield of 2.20% and pays 17.37% of it’s earnings as dividends, with analysts expecting a 29.00% payout in the next three years.
Source: Simply Wall St.
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