3 Energy Dividends You Can Still Trust
a steady dividend. This has resulted in the reduction or suspension of a countless
number of energyrelated dividends.
All that said, there are a few energy dividends that investors can still trust. Here are
three companies that have been making their dividend a priority.
Jason Hall
After Kinder Morgan's stunning announcement that it would cut its rocksolid (or so I
thought) dividend by 75%, just days after announcing that it would generate plenty
enough cash in 2016 to cover payouts, it's hard to put much trust in any energy
company's ability to pay a steady divvy.
As you can see above, Phillips 66's dividend only consumes 24% of profits. That
leaves the company with a pile of money to invest back in the business (both for
upkeep and expansion) and activities like share buybacks.
The elephant in the corner is oil and natural gas prices, right? Not so fast.
Phillips 66 may not be completely immune from energy prices, but it's structurally