Bill Gross Endorses Western Midstream Partners as a Top Investment Opportunity
Bill Gross endorses Western Midstream Partners as a top investment opportunity
Bill Gross, the renowned 'Bond King,' recommends Western Midstream Partners (NYSE: WES) as a compelling investment option, highlighting its recent 40% dividend hike and current 10.1% yield. With a sustainable capital recycling strategy, the MLP is poised for substantial growth in distributions.
Drilling down into Western Midstream
Western Midstream Partners, originally formed by Anadarko Petroleum, offers significant upside potential following its recent business transformation and strategic acquisitions. Occidental Petroleum's exploration of a potential interest sale could further strengthen the MLP's growth trajectory.
Conclusion: Bill Gross's endorsement of Western Midstream Partners as a top ultra-high-yield dividend stock underscores the investment potential for savvy investors seeking substantial returns amidst market volatility and tax advantages.
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.