Energy Transfer yields roughly 7.5%–8% with the payout characterized as well-covered by improved fundamentals and stronger cash flow. Many high-yield dividend stocks have risen over the past year, which can compress yields as share prices advance while still remaining attractive to income-focused investors despite higher valuation multiples. The bull market is broadening beyond the largest AI winners, making the search for yield more challenging. High-yield dividend names can be easier to buy when trending upward rather than falling. Income-hungry retirees may consider adding well-covered, high-yield dividend stocks to watchlists for potential purchase.
Whenever Jim Cramer speaks positively about a higher-yielding dividend stock, passive income-hungry retirees should be ready to listen up and maybe even add the name to their watchlists. Undoubtedly, the hunt for yield isn't getting any easier amid this bull market, especially as the market strength begins to broaden out well beyond the biggest and most exciting AI (artificial intelligence) winners.
Many of the high-yield dividend stocks have also been rising to the occasion in the past year or so. And while dividend yields do tend to fall as share prices rise (all else being equal), I do find some of these dividend stocks are still worth stashing away, even with their higher multiple and a few basis points (bps) shaved off their yields.
Recently, I came across a piece written by fellow 24/7 Wall St. contributor Omor Ibne Ehsan that really captured my intrigue. He highlighted a 7.54%-yielder in Energy Transfer ( NYSE:ET) that received the great Jim Cramer's blessing. He views the dividend as well-covered improvements made over time. Indeed, Cramer is right on the money when he says the firm "got its act together."
Collection
[
|
...
]