Energy Stocks Deliver Consistent Dividend Income

Chevron is one of the energy sector's best dividend stocks, having maintained its payout for more than 50 years. The company has proven resilient to volatile crude oil prices by not overcommitting to dividend payments.

Last year was a challenging time for the industry due to poor oil prices, but Chevron still covered its $6.84 per-share payout with last year's earnings. This is part of why it has raised its annual per-share payout for 39 consecutive years, with a current forward-looking yield of 3.8%.

Another top energy stock is Enbridge, which operates in the midstream sector and delivers gas and oil through its extensive pipeline network. Its business model allows it to charge flat volume-based fees, unaffected by changing oil prices. As a result, Enbridge has raised its dividend payment every year for the past 31 years.

EOG Resources is another energy stock with an impressive track record of maintaining its dividend payments. Since becoming a standalone publicly traded entity in 1999, EOG has upped its annual per-share payout for nine consecutive years and plans to continue growing its dividend payment.