Forget Occidental Petroleum -- Buy This Magnificent High-Yield Energy Stock Instead
EPDEnterprise Products Partners L.P.(EPD) The Motley Fool·2024-09-26 17:10

Occidental wants to compete with giants, but if you are looking for reliable dividends, you'll probably prefer this MLP.Oil prices have been a bit volatile of late, sending share prices of Occidental Petroleum (OXY -2.44%) down 25% from their 52-week highs. The stock's yield is a mediocre 1.7% despite the significant price drop. Most energy stock-focused investors, and particularly income-oriented investors, will be better off with Enterprise Products Partners (EPD -0.88%) and its hefty 7.1% distribution yi ...