This Dividend Stock Has a Huge 7.5% Yield and Isn't as Risky as You Might Think
Vitesse Energy(VTS) The Motley Fool·2024-11-24 20:05
Vitesse Energy (VTS 1.22%) offers a 7.5% yield. Unlike many other oil and gas companies, its story isn't solely about relying on oil and gas prices to drive the share price or sustain the dividend. Vitesse has risk, as all stocks do, but it's not quite as risky as its dividend yield implies.The investment case for Vitesse EnergyAs noted above, a stock often trades with a high yield because the market doubts that the dividend is sustainable. If oil prices collapse, then Vitesse will suffer, too. However, the ...