All knowing...stock question!

[emertmakeshiteup]

I only purchase dividend stocks with some growth capability, thusly, I have 2K sitting sitting in etrade to invest. Thinking BP! What do you think and thank you!

 

[CentexLion]

I only purchase dividend stocks with some growth capability, thusly, I have 2K sitting sitting in etrade to invest. Thinking BP! What do you think and thank you!

I've been in BP ADRs for about 3 years. Really has not been a growth stock over the last 5 years (negative growth actually), but it was a super high dividend stock. Last May, it was $0.63 per share quarterly dividend at a price around $20ish per share. But, that wasn't sustainable, and they cut the dividend to $0.315 quarterly last summer. Last March during the initial pandemic lockdown, I doubled down at $17 per share. After the dividend reduction, I think it went as low as $15, but is hovering around $27 now. I don't expect it to ever to be a major growth stock (it never has been as it hovered around $35 for 5 years prior to COVID lockdowns, but it has around a 5% dividend payment now (even after halving the dividend last year). Certainly has been a nice income producer for me though and certainly balances out many of my other investments. Also, I have dividend re-investment into more BP ADRs every quarter, and they recently started hitting me up with up with a $10-$20 quarterly fee there that was never there prior.

 

[Nittany Security2]

I only purchase dividend stocks with some growth capability, thusly, I have 2K sitting sitting in etrade to invest. Thinking BP! What do you think and thank you!

Just wondering is there anything that fits your strategy in the EV space?

 

[not so fast my friend]

I've had BP for many years, so obviously hard to tell you not to buy it. I also have TTE and MPC in oil sector. Outside of oil sector the aristocrats list is good place to start for what you are looking for. Also look at WPC, ABBB, NEE, AAPL, MKTX, WD, BMY, KHC.

 

[bdgan]

I only purchase dividend stocks with some growth capability, thusly, I have 2K sitting sitting in etrade to invest. Thinking BP! What do you think and thank you!

It's easier to invest in an dividend growth ETF with a low expense ratio.

 

[Ktownlion]

If you are okay dealing with the partnership impact of a K-1 at tax time, look at EPD; with oil on the rebound they are in a good position and currently pay around 7%; one of the best run pipeline and mid-stream companies out there....

 

[GregInPitt]

I only purchase dividend stocks with some growth capability, thusly, I have 2K sitting sitting in etrade to invest. Thinking BP! What do you think and thank you!

I have had BP for years. Exon as well. The problem with owning oil companies is that activists are forcing them to get into renewables and that is not where their expertise is.

At this point I like the midstream companies much better. Particularly Energy Transfer and Kinder Morgan. They are not impacted by commodity prices, only demand. But some of their contracts are take or pay. They are like utilities but are not price regulated. The fact that the liberal nuts fight against new pipelines that would actually be more efficient in moving energy (and thus more environmentally friendly) only makes the current pipeline network that much more valuable, and also gives the pipeline companies additional pricing leverage.

look what happened to Texas when the pipeline were impacted by storms. Actually, ET was prepared and didn’t have major service interruptions and took advantage when spot prices soared to earn and extra Billion, I believe without looking it up…..

Heating and cooling of homes and buildings is not going away from NG…… and the majority of recent peaking power plants added recently use NG.

 

[OhHello]

If you are okay dealing with the partnership impact of a K-1 at tax time, look at EPD; with oil on the rebound they are in a good position and currently pay around 7%; one of the best run pipeline and mid-stream companies out there....

I've owned this stock since March 2020 after the crude prices went negative. I knew between that and the COVID shutdowns that it was at it's lowest. Has grown very, very nicely and pays a great divy.

Also bought XOM at this time. Same deal. MMP as well and that dividend is 8.2% on top of the excellent growth I've enjoyed.

A little different area if you want to venture into real estate is NREF. Sold it earlier this year after a big run up but it still has over 9% dividend yield.

I'm more growth oriented but there are some great dividend stocks that show growth potential. At some point the oil and gas stock growth is going to slow. You can't come out of COVID shutdowns forever. But it was as good of a recovery play at the time as the cruise lines and airlines. Made some money on those. Sometimes you have to be willing to throw money down when everyone else is puckered up from fear porn.

This does not constitute investment advice. Due diligence is required to see if these options are a fit for you.

 

[emertmakeshiteup]

Thank you for all the input! Actually own 907 shares of KMI. Forget what the the issue was, but "technically" I lost like $20K several years ago! It was a good tax hedge so I never viewed it as a disaster, especially since it keeps paying the dividend.