3 High-Yield Dividend Stocks With Growth on the Horizon

The market activity of the past two weeks reminds us that every investor should take steps to defend his portfolio, in good times as well as bad. Banking giant Goldman Sachs has taken that reminder to heart, and pointed out three high-yielding dividend stocks with upside potentials starting at 25%. Turning to the TipRanks database, we’ve pulled up the latest information on the Goldman Sachs picks. Combined with the analyst comments, the data will tell us what else makes these stocks compelling buys.

MPLX LP (MPLX) has shown a clear ability to generate cash through its operations. The company’s cash position last year allowed it to return $2.8 billion to shareholders, through a combination of buybacks and dividend payments. Next up is Suncor Energy Inc. (SU), a Calgary-based company and a major operator in Alberta’s oil patch. Suncor works the tar sand oil deposits that put Alberta on the oil map, producing synthetic crude oil from the semi-solid bitumen. The oil sands are estimated to contain nearly 180 billion barrels of economically viable recoverable reserves, and Suncor is one of the biggest producers in the region. Canadian Natural Resources (CNQ) operates in the heavy crude region of Alberta, and in the natural gas plays of adjacent British Columbia. Canadian Natural’s assets include light, medium, and heavy crude oil, along with oil sands mining rights and both conventional and unconventional natural gas wells.

Source: Sports Grind Entertainment

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