41 Top Energy Dividend Stocks: High Returns

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Are you looking for reliable sources of passive income while investing in the energy sector?

If you’re seeking stable income streams alongside investments in the dynamic energy sector, you’ve landed in the right place. Energy dividend stocks present an enticing opportunity for investors looking to diversify their portfolios while enjoying consistent returns. 

We’ll delve into the world of energy dividend stocks, exploring their benefits, potential risks, and providing insights into selecting the best options for your investment goals.

Chevron:

Chevron offers investors a solid dividend yield of 4.17% with a payout ratio of 53.17%. Known for its stability and global presence, Chevron’s consistent dividends make it an attractive choice for income-focused investors seeking reliability in the energy sector.

>> Chevron Dividend History

Devon Energy:

Devon Energy boasts a generous dividend yield of 4.96% coupled with a prudent payout ratio of 49.14%. With a focus on efficient operations and strategic acquisitions, Devon Energy is positioned to deliver steady returns to its shareholders.

>> Devon Energy Dividend History

Shell:

Shell presents investors with a competitive dividend yield of 4.12% and a moderate payout ratio of 43.40%. As a leading integrated energy company, Shell’s diversified portfolio and commitment to sustainable practices underpin its ability to maintain dividend stability.

>> Shell Dividend History

EOG Resources:

EOG Resources offers a modest dividend yield of 2.89% alongside a conservative payout ratio of 25.38%. Focused on premium drilling locations and cost-effective operations, EOG Resources prioritizes financial discipline while providing investors with consistent returns.

>> EOG Resources Dividend History

BP:

BP stands out with a compelling dividend yield of 4.54% and a conservative payout ratio of 32.34%. Despite challenges in the energy landscape, BP’s commitment to capital discipline and renewable energy investments reinforces its position as a reliable dividend payer.

>> BP Dividend History

Consol Energy:

Consol Energy impresses with a robust dividend yield of 5.47% and a remarkably low payout ratio of 11.12%. With a strategic focus on low-cost production and operational efficiency, Consol Energy offers investors attractive dividend prospects in the energy sector.

>> Consol Energy Dividend History

Valero Energy:

Valero Energy provides investors with a modest dividend yield of 2.56% and a prudent payout ratio of 16.37%. As a leading independent refiner, Valero Energy’s resilient business model and strong cash flow generation support its ability to sustain dividend payments.

>> Valero Energy Dividend History

Marathon Oil:

Marathon Oil offers a conservative dividend yield of 1.60% alongside a modest payout ratio of 16.02%. With a focus on capital discipline and portfolio optimization, Marathon Oil aims to deliver long-term value to its shareholders through sustainable dividend payments.

>> Marathon Oil Dividend History

Constellation Energy:

Constellation Energy presents investors with a nominal dividend yield of 0.76% and a moderate payout ratio of 22.51%. Leveraging its diversified energy portfolio and commitment to innovation, Constellation Energy seeks to deliver stable returns amidst evolving market dynamics.

>> Constellation Energy Dividend History

Marathon Petroleum:

Marathon Petroleum boasts an attractive dividend yield of 5.6% supported by a conservative payout ratio of 20%. With a focus on operational excellence and value creation, Marathon Petroleum remains committed to delivering consistent dividends to its shareholders.

>> Marathon Petroleum Dividend History

PBF ENERGY:

PBF Energy offers a modest dividend yield of 1.81% and maintains a conservative payout ratio of 5.15%. With a focus on refining and logistics, PBF Energy aims to sustain its dividend payments while pursuing strategic growth opportunities in the energy market.

>> PBF ENERGY Dividend History

NextEra Energy Partners:

NextEra Energy Partners boasts an impressive dividend yield of 12.33%, but its payout ratio exceeds 1000%. Despite the high ratio, NextEra Energy Partners is a leading renewable energy company, providing investors with substantial dividends amidst its sustainable energy initiatives.

>> NextEra Energy Partners Dividend History

Cheniere Energy:

Cheniere Energy offers a conservative dividend yield of 1.09% with a modest payout ratio of 3.98%. As a pioneer in liquefied natural gas (LNG) exports, Cheniere Energy maintains its commitment to shareholders while capitalizing on global energy demand.

>> Cheniere Energy Dividend History

SUNOCO:

SUNOCO presents investors with a substantial dividend yield of 5.57%, albeit with a relatively high payout ratio of 91.82%. Leveraging its diversified portfolio in fuel distribution and logistics, SUNOCO aims to deliver consistent dividends while managing its financial obligations.

>> SUNOCO Dividend History

Exxon Mobil:

Exxon Mobil offers a competitive dividend yield of 3.31% coupled with a moderate payout ratio of 41.39%. As one of the largest integrated energy companies globally, Exxon Mobil remains dedicated to providing reliable dividends to its shareholders while driving sustainable growth.

>> Exxon Mobil Dividend History

ENBRIDGE:

Enbridge impresses with a generous dividend yield of 7.56%, but its payout ratio exceeds 100%. As a leading energy infrastructure company, Enbridge prioritizes dividend stability while investing in essential energy projects to meet evolving market demands.

>> ENBRIDGE Dividend History

Phillips 66:

Phillips 66 provides investors with a moderate dividend yield of 2.68% and maintains a prudent payout ratio of 27.13%. With diversified operations in refining, marketing, and midstream, Phillips 66 is committed to delivering sustainable dividends amid industry fluctuations.

>> Phillips 66 Dividend History

ENERGY TRANSFER:

Energy Transfer offers an attractive dividend yield of 8.13%, although its payout ratio is elevated at 113.30%. With a focus on natural gas midstream and transportation, Energy Transfer aims to balance dividend distributions with strategic investments for long-term value creation.

>> ENERGY TRANSFER Dividend History

WILLIAMS COMPANIES:

Williams Companies offers investors a competitive dividend yield of 4.99% alongside a manageable payout ratio of 66.79%. As a leading natural gas infrastructure company, Williams Companies prioritizes dividend sustainability while pursuing growth opportunities in the energy sector.

>> WILLIAMS COMPANIES Dividend History

Suncor Energy:

Suncor Energy provides investors with a solid dividend yield of 4.40% supported by a reasonable payout ratio of 33.25%. With integrated operations in oil sands, refining, and renewable energy, Suncor Energy aims to deliver consistent dividends while advancing its sustainable energy initiatives.

>> Suncor Energy Dividend History

ONEOK:

ONEOK offers investors a compelling dividend yield of 5.03% with a reasonable payout ratio of 69.71%. As a leading midstream service provider, ONEOK focuses on natural gas gathering, processing, and transportation, aiming to sustain its dividend while supporting energy infrastructure.

>> ONEOK Dividend History

MPLX:

MPLX boasts an impressive dividend yield of 8.32%, supported by a payout ratio of 83.55%. Specializing in crude oil and refined product logistics, MPLX prioritizes dividend stability while expanding its footprint in the energy transportation sector.

>> MPLX Dividend History

TC Energy:

TC Energy presents investors with a robust dividend yield of 7.02%, despite a relatively high payout ratio of 135.27%. With a vast network of pipelines and energy infrastructure across North America, TC Energy remains committed to delivering consistent dividends.

>> TC Energy Dividend History

KINDER MORGAN:

Kinder Morgan offers a competitive dividend yield of 6.31%, albeit with a payout ratio of 106.13%. As one of the largest energy infrastructure companies, Kinder Morgan focuses on transporting and storing natural gas and petroleum products while maintaining dividend sustainability.

>> KINDER MORGAN Dividend History

IMPERIAL OIL:

Imperial Oil provides investors with a modest dividend yield of 2.58% and a conservative payout ratio of 22.85%. Leveraging its integrated operations in upstream and downstream segments, Imperial Oil aims to deliver stable dividends amidst market fluctuations.

>> IMPERIAL OIL Dividend History

Cenovus Energy:

Cenovus Energy offers investors a nominal dividend yield of 2.09% alongside a prudent payout ratio of 24.76%. With a focus on oil sands development and conventional oil production, Cenovus Energy prioritizes dividend stability while driving long-term value creation.

>> Cenovus Energy Dividend History

HALLIBURTON:

Halliburton presents investors with a modest dividend yield of 1.77% and a conservative payout ratio of 21.92%. As a leading provider of oilfield services, Halliburton focuses on delivering innovative solutions while maintaining dividend sustainability in the energy sector.

>> HALLIBURTON Dividend History

Diamondback Energy:

Diamondback Energy offers a respectable dividend yield of 4.18%, supported by a moderate payout ratio of 46.08%. With a focus on unconventional oil and gas exploration, Diamondback Energy aims to deliver value to its shareholders through consistent dividend payments.

>> Diamondback Energy Dividend History

Canadian Natural Resources:

Canadian Natural Resources provides investors with a solid dividend yield of 3.77%, despite a payout ratio of 49.53%. With diverse operations in oil and gas exploration and production, Canadian Natural Resources prioritizes dividend stability while pursuing growth opportunities.

>> Canadian Natural Resources Dividend History

MURPHY OIL:

Murphy Oil offers investors a modest dividend yield of 2.68% and maintains a conservative payout ratio of 26.00%. With a focus on exploration and production activities, Murphy Oil aims to deliver sustainable dividends while optimizing its asset portfolio for long-term growth.

>> MURPHY OIL Dividend History

ENTERPRISE PRODUCTS PARTNERS:

Enterprise Products Partners offers investors a robust dividend yield of 6.90%, supported by a payout ratio of 78.57%. As a leading provider of midstream energy services, Enterprise Products Partners prioritizes dividend stability while maintaining a diverse portfolio of assets.

>> ENTERPRISE PRODUCTS PARTNERS Dividend History

PIONEER NATURAL RESOURCES:

Pioneer Natural Resources provides investors with a respectable dividend yield of 4.26% and maintains a reasonable payout ratio of 69.07%. With a focus on upstream oil and gas exploration, Pioneer Natural Resources aims to deliver consistent dividends amidst market fluctuations.

>> PIONEER NATURAL RESOURCES Dividend History

Equinor ASA:

Equinor ASA presents investors with a competitive dividend yield of 4.51%, coupled with a conservative payout ratio of 27.99%. As an integrated energy company, Equinor ASA emphasizes sustainable energy production while delivering attractive returns to its shareholders.

>> Equinor ASA Dividend History

OCCIDENTAL PETROLEUM:

Occidental Petroleum offers investors a modest dividend yield of 1.39% and maintains a low payout ratio of 18.46%. With operations in oil and gas exploration and production, Occidental Petroleum focuses on capital discipline while providing stable dividends.

>> OCCIDENTAL PETROLEUM Dividend History

Cross Timbers Royalty Trust:

Cross Timbers Royalty Trust impresses with a substantial dividend yield of 11.69%, albeit with a payout ratio of 100%. As a royalty trust, Cross Timbers distributes income from oil and gas production to its shareholders, providing attractive dividend opportunities.

>> Cross Timbers Royalty Trust Dividend History

ANTERO MIDSTREAM:

Antero Midstream provides investors with a compelling dividend yield of 6.53%, despite a high payout ratio of 123.29%. Specializing in midstream services for natural gas, Antero Midstream aims to balance dividend distributions with strategic investments for growth.

>> ANTERO MIDSTREAM Dividend History

Hess Midstream:

Hess Midstream offers investors an attractive dividend yield of 7.15% supported by a payout ratio of 114.10%. With a focus on midstream infrastructure assets, Hess Midstream aims to deliver consistent dividends while supporting the energy value chain.

>> Hess Midstream Dividend History

NOV:

NOV presents investors with a nominal dividend yield of 1.05% alongside a low payout ratio of 8.00%. As a leading provider of equipment and services to the oil and gas industry, NOV focuses on financial stability while offering modest dividends.

>> NOV Dividend History

Neste OYJ:

Neste OYJ provides investors with a solid dividend yield of 4.72%, supported by a reasonable payout ratio of 54.55%. With a focus on renewable fuels and sustainable solutions, Neste OYJ aims to deliver value to its shareholders while promoting environmental responsibility.

>> Neste OYJ Dividend History

Repsol:

Repsol offers investors an appealing dividend yield of 5.83%, coupled with a conservative payout ratio of 28.46%. As an integrated energy company, Repsol prioritizes dividend sustainability while investing in innovative solutions for the future of energy.

>> Repsol Dividend History

TARGA RESOURCES:

Targa Resources provides investors with a modest dividend yield of 1.81% and maintains a reasonable payout ratio of 50.55%. Specializing in midstream services, Targa Resources aims to deliver consistent dividends while supporting energy infrastructure development.

>> TARGA RESOURCES Dividend History

Are energy dividend stocks a good investment?

Investing in energy dividend stocks can be a prudent strategy for income-oriented investors seeking stable returns. These stocks often offer attractive dividend yields, providing a steady stream of passive income. 

However, it’s essential to consider factors such as market volatility, regulatory changes, and the company’s financial health before investing. Conducting thorough research and diversifying your portfolio can help mitigate risks associated with investing in energy dividend stocks.

Factors to Consider when Investing in energy dividend stocks

When considering energy dividend stocks, investors should evaluate the company’s financial stability, including its debt levels and cash flow. 

Additionally, analyzing industry trends, regulatory environments, and the company’s growth prospects can provide valuable insights into its long-term viability as an investment. Diversification across different sectors within the energy industry can also help manage risks associated with investing in this sector.