With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends are more than covered by the company’s free cash flow. In addition, the dividend yield is greater than 5% or 6% annually. It took a little searching...
The following five companies have produced enough cash flow to cover their dividend yields. They also seem motivated to continue to pay those dividends. At a minimum, management has not come out and said they are reviewing whether they will pay the dividend, so I consider them solid dividend payers. Here are the five cheap, high-yield energy stocks to consider: Marathon Petroleum Corp (NYSE:MPC), Chevron (NYSE:CVX)
Enterprise Products Partners (NYSE:EPD), Kinder Morgan (NYSE:KMI) and Holly Energy Partners (NYSE:HEP).
Source: InvestorPlace
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