While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been upward. Wall Street analysts would seem to agree, as they’ve been tagging high-yield dividend payers as potential winners. Let’s examine two of these picks: Strong Buy stocks with at least 8% dividend yields. Here are the details, drawn from the TipRanks database, along with recent analyst comments.
The first stock we’ll look at is Energy Transfer (ET), an important midstream company in the North American oil and gas industry. Energy Transfer’s operations are based on a wide range of assets, including natural gas and crude oil gathering, transport pipelines for petroleum, natural gas, natural gas liquids, and refined products, and processing, storage, and terminal points for oil, gas, and their derivatives. Next up is MPLX (MPLX), another of the major North American midstream energy companies. MPLX has a wide-ranging network of assets for the transport and storage of crude oil, natural gas, and natural gas liquids. The company’s pipeline web connects with a series of terminal points, and MPLX also operates an inland marine fleet of riverine tugs and barges.
Source: Yahoo Finance
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