Investing in dividend-growth stocks with high yields is a great way to generate stable returns over the long term. With this in mind, let’s take a closer look at two from the energy sector that you could buy right now.
Suncor Energy Inc.
Suncor Energy Inc. (TSX:SU)(NYSE:SU) is an integrated energy company that is focused on developing Canada’s Athabasca Basin, which is one of the world’s largest petroleum resource basins. Its operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.
Suncor pays a quarterly dividend of $0.32 per share, or $1.28 per share annually, giving its stock a 3.3% yield. It has raised its annual dividend payment for 14 straight years, and the 10.3% increase it announced on February 8 has it on pace for 2017 to mark the 15th straight year with an increase.
Keyera Corp.
Keyera Corp. (TSX:KEY) operates one of the largest energy midstream companies in Canada. It provides services to oil and gas producers in Canada’s Sedimentary Basin, including natural gas gathering and processing and natural gas liquids (NGL) fractionation, transportation, storage, and marketing.
Keyera pays a monthly dividend of $0.14 per share, or $1.68 per share annually, giving its stock a yield of approximately 4.15%. The company has raised its dividend each of the last six years, and the 5.7% increase it announced on May 9 has it on pace for 2017 to mark the seventh straight year with an increase.
