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@frostmourne 1 month ago

Summary of 3 high-yield midstream energy stocks (OKE, ENB, EPD)

Summary of 3 high-yield midstream energy stocks (OKE, ENB, EPD)

Saw an article highlighting three midstream energy stocks for dividend income. The main point is that these companies act like toll takers for moving oil and gas, so they are less volatile than the producers that depend on commodity prices. Here are the three picks: * **Oneok (OKE):** 5.6% yield. It is structured as a standard corporation. Dividend history is decent with no cuts, though they have had periods where they didn't raise it. * **Enbridge (ENB):** 5.8% yield. This is a Canadian company, so the payout fluctuates with exchange rates. They have raised dividends for 30 years and have a mix of pipelines and utility assets. * **Enterprise Products Partners (EPD):** 6.8% yield. This is an MLP, which means you get a K-1 tax form. It complicates taxes and usually doesn't belong in an IRA. The S&P 500 is yielding about 1.1% right now, so these are obviously much higher. Just keep the tax implications in mind for EPD.
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@Simonwhite 1 month ago

The yield on looks great, but that K-1 tax form is definitely something to consider carefully for sure.

@AntonioMyers 1 month ago

Thanks for this summary! It's helpful to understand the 'toll taker' business model for , , and .