Energy Stocks Shine Bright for Income Investors This September
The worst month for the stock market historically is September, and with the Federal Reserve's potential rate hike looming, it may repeat itself. However, income investors can focus on steady dividends from stable businesses. Three high-yield energy stocks that fit this bill are Chevron (NYSE: CVX), Enbridge (NYSE: ENB), and Enterprise Products Partners (NYSE: EPD).
Chevron has a 39-year track record of increasing its dividend, with a forward yield topping 3.5%. The company's integrated business spans all parts of the oil and gas industry, making it the global leader in natural gas production.
Enbridge boasts a 31-year streak of raising its dividend, with a forward yield of around 5.6%. Its pipelines transport 30% of North America's crude oil and one-fifth of the US's natural gas consumption.
Enterprise Products Partners has increased its distribution for 28 consecutive years, with a yield north of 5.7%. The company operates over 50,000 miles of pipeline, primarily transporting natural gas liquids (NGLs), which are expected to grow in demand by around 30% through the end of the decade.