The 3 Safest Energy Dividends Right Now

Dividend payments have been decimated this year because of the impact the COVID-19 outbreak is having on the economy. One of the sectors hit particularly hard has been the energy industry where dividends have plunged with oil demand . Dozens of companies have reduced or suspended their payouts with many more likely to follow unless conditions dramatically improve.

However, not all energy dividends are at risk for a reduction as the sector does boast many sustainable payouts. Three of the safest these days are those paid by TC Energy (NYSE: TRP), NextEra Energy (NYSE: NEE), and Brookfield Renewable Partners (NYSE: BEP).

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