I’ve been researching several high yield stocks and chose two oil energy stocks that could be great sources of passive income for my portfolio. The criteria for selecting these stocks was based on the ability to generate consistent cash income on a monthly or quarterly basis. Two of these companies yield over 10% and will outperform my bank c.d. Since these are stocks, they are not fdic insured and can lose value. As part of my overall investment objective, I will not invest all of my cash in these three stocks. This week I decided to take some positions in Hugoton Royalty Trust (HGT), Dominion Resources Black Warrior Trust (DOM), and Pfizer (PFE).
Hugoton Royalty Trust (HGT) owns natural gas assets and currently yields 10.2%
Dominion Resources Black Warrior Trust (DOM) owns natural gas properties in Alabama and has a current yield of 11.4%
Pfizer (PFE) Huge drug company that has been beaten down and is on the list for income and potential price appreciation. Could this be a value play and a passive income opportunity? Current yield is 7.4%
If you have a high yield oil energy stock or other investment that has performed well in your portfolio, please let me know.