Top High-Yield Dividend Stocks Recommended by Billionaire Bill Gross
Wednesday, 10 April 2024, 07:06
Bill Gross's Top High-Yield Dividend Stock Picks
Bill Gross, also known as the Bond King, recently praised three master limited partnership (MLP) pipeline stocks for their high-yield dividends. Let's delve into why these MLP stocks are catching the attention of investors.
MPLX:
- Attractive Attributes: Current 7.7% yield, increasing distribution, strong balance sheet.
- Segment Performance: Logistics & Storage and gathering and processing.
Western Midstream:
- Growth Prospects: Aggressive distribution growth, solid leverage ratio, strategic expansions.
- Service Areas: Delaware Permian, Powder River Basin, Denver-Julesburg Basin.
Energy Transfer:
- Improved Metrics: Distribution restoration, growth plans, diversified midstream system.
- Financial Outlook: Fee-based business, strong growth-project backlog.
All three stocks present viable income opportunities in the midstream sector, appealing to investors seeking stable returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.