These 5 Dividend Payers Just Got A Lot More Attractive: Passive Income For Investors In The Energy Sector
With oil in peak demand as the global economy resurges, energy companies have been generating record-breaking profits not seen since the last cycle. A great way to cash in on these stocks is owning them to generate passive income, as energy companies increase shareholder distributions to remain an attractive investment. Energy Dividend Stock #1: Ecopetrol S.A. (NYSE: EC ) Ecopetrol is offering a dividend yield of 13.29% or $1.49 per share annually and does not have a track record of raising its dividend yield. Ecopetrol is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast, as the company refines and markets crude oil and byproducts produced from its fields. Revenues in the first half of 2022 increased by 108.3% primarily due to higher international reference prices and stronger price spreads in the Brent for gasoline, middle distillates and jet fuel, which reported record levels. Energy Dividend Stock #2: Helmerich Payne Inc (NYSE: HP ) Helmerich Payne is offering a dividend yield of 3.26% or $1.00 per share annually that will be paid out quarterly, as there is no track …
These 5 Dividend Payers Just Got A Lot More Attractive: Passive Income For Investors In The Energy Sector
With oil in peak demand as the global economy resurges, energy companies have been generating record-breaking profits not seen since the last cycle. A great way to cash in on these stocks is owning them to generate passive income, as energy companies increase shareholder distributions to remain an attractive investment. Energy Dividend Stock #1: Ecopetrol S.A. (NYSE: EC ) Ecopetrol is offering a dividend yield of 13.29% or $1.49 per share annually and does not have a track record of raising its dividend yield. Ecopetrol is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast, as the company refines and markets crude oil and byproducts produced from its fields. Revenues in the first half of 2022 increased by 108.3% primarily due to higher international reference prices and stronger price spreads in the Brent for gasoline, middle distillates and jet fuel, which reported record levels. Energy Dividend Stock #2: Helmerich Payne Inc (NYSE: HP ) Helmerich Payne is offering a dividend yield of 3.26% or $1.00 per share annually that will be paid out quarterly, as there is no track …