This Growing 7.7% Dividend Is Our Top Natural Gas Buy for ’24

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A 7.7% payer we watch very closely just did something weird for a stock with such a high payout: it hiked its dividend—for the 29th straight year!

Most folks will tell you a 7.7% payer with a dividend that consistently grows is a myth at best—or a “yield trap” at worst. But these hikes are just another mark on the calendar for this company’s investors.

Its latest hike—and forecast of more of the same in 2024—came out in a press release from the company late last week. The firm is a little-known (at least here in the US) natural gas shipper.… Read more

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There’s no doubt that 2022 was the year of energy, as the Russian invasion of Ukraine caused supply shocks that sent oil and gas prices soaring. But with inflation data more muted and most of the disruptions now long priced-in as we enter a New Year, it may be time to start getting much more selective about the energy sector.

That’s particularly true if you’re an income-oriented investor in it for the long haul. Cyclical sectors like energy can see big swings and high volatility, both for the share prices of companies in the sector as well as for their dividends.… Read more

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