3 High-Yield Stocks on Track to Grow Their Payouts
If you like income, you've come to the right place. A few Fool.com contributors have highlighted some of their favorite income stocks.
What they like about this particular trio, (NYSE: MPLX), Oneok (NYSE: OKE), and Enbridge (NYSE: ENB), is that they offer high dividend yields and are on track to grow their payouts. That combination of income and growth could enable these high-yield dividend stocks to generate high total returns in the coming years.
Tyler Crowe (MPLX): Energy infrastructure has consistently been one of the highest-yielding industries for decades. Moving oil and gas is much more of a volume business than a commodity price business, which ensures steady cash flows. Also, many of the companies in this industry are structured as master limited partnerships, which makes each shareholder responsible for their portion of the partnership's taxable income. The business passes much of its cash flow to investors to cover their portion of taxes.
Source Fool.com
MPLX L.P. Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on MPLX L.P..
With a target price of 42 € there is potential for a 256.84% increase which would mean more than doubling the current price of 11.77 € for MPLX L.P..
