<p>随着九月份的到来，寻找新机会的股息投资者不应被整体市场的高位所吓倒。确实，<strong>标准普尔 500 指数</strong>(^GSPC -0.69%) 接近历史最高点，但仍然有一些非常有吸引力的高收益股票隐藏在表面之下。</p>
<p>目前能源行业中最具吸引力的三只股票可能是 <strong>新纪元能源</strong>(NEE 0.83%)、<strong>雪佛龙</strong>(CVX 0.65%) 和 <strong>企业产品合伙公司</strong>(EPD -0.44%)。以下是原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE1NzAvMjNfMDZfMTktdGhyZWUtZ29sZGVuLWVnZ3MtaW4tYS1iYXNrZXQtbWFkZS1vZi1tb25leS1fbWYtZGxvYWQuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE1NzAvMjNfMDZfMTktdGhyZWUtZ29sZGVuLWVnZ3MtaW4tYS1iYXNrZXQtbWFkZS1vZi1tb25leS1fbWYtZGxvYWQuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 新纪元能源的收益相对吸引人</h2>
<p>标准普尔 500 指数的股息收益率仅为 1.2% 左右。公用事业公司新纪元能源的股息收益率则超过 2 倍，约为 3.1%。而平均公用事业公司的收益率大约为 2.7%。因此，尽管新纪元能源的收益率可能不如一些投资者所希望的高，但与相关基准相比，它仍然是一个非常有吸引力的收益率。</p>
<p>话虽如此，真正令人兴奋的故事在于股息增长。在过去十年中，新纪元的股息以 10% 的年化速度增长。这对于任何公司来说都是不错的，尤其是公用事业行业以缓慢而稳定的增长而闻名。新纪元预计到 2026 年，每年将提高 10% 的股息。支撑股息增长的 6% 到 8% 的盈利增长预计将持续到 2027 年。因此，强劲的股息增长可能会超出当前的预测。</p>
<p>推动这一增长的有两个因素。首先是公司在佛罗里达州的核心受监管电力公用事业业务。多年来，这个州受益于人口迁入。更多的居民意味着更多的客户和更多的需求。但新纪元还有第二个业务，因为它也是全球最大的太阳能和风能公司之一。这个部门是增长的驱动力，考虑到正在进行的能源转型，它可能在未来几年继续作为增长的驱动力。如果你喜欢增长和收入股票，高收益的新纪元能源应该在你九月份的投资名单上。</p>
<h2>2. 雪佛龙的高收益和韧性业务</h2>
<p>综合能源巨头雪佛龙的股息收益率约为 4.3%。平均能源股票的收益率大约为 3.3%。与新纪元一样，雪佛龙看起来也是一只相对吸引人的股息股票。它超过了许多股息投资者在寻找投资时使用的 4% 收益率门槛。因此，它可能比新纪元能源更具吸引力。</p>
<p>吸引力的另一个因素是雪佛龙已经连续 38 年提高股息。尽管雪佛龙在以商品为驱动的能源行业运营，油价对财务表现有巨大影响。通过使用综合模型，覆盖整个能源价值链，并专注于强劲的资产负债表，低达 0.2 的债务与股本比率，帮助雪佛龙保持股息增长。基本上，它的业务对行业的典型波动具有韧性。</p>
<p>但真正的关键在于雪佛龙的业务基础正在变得更强。首先，在经过漫长而艰难的努力后，公司对赫斯的收购已经完成。这对增长是有利的。其次，公司在委内瑞拉的业务，虽然有点政治上的麻烦，正在逐渐恢复正常。这家高收益且可靠的能源公司终于再次处于强势地位。</p>
<h2>3. 企业产品合伙公司是一只超高收益的乌龟</h2>
<p>主有限合伙企业（MLP）企业产品合伙公司的分配收益率高达 6.8%。而且，该分配已经连续 27 年增加。这种组合对大多数股息投资者来说可能是非常有吸引力的。</p>
<p>企业的业务是从头开始建立的，以支持其分配。它拥有投资级评级的资产负债表。其能源业务完全处于中游，采用收费模式。企业拥有重要的能源基础设施资产，如管道，并收取使用费。这些费用与交易量挂钩，而不是能源价格，使得现金流在能源周期中相对可靠。</p>
<p>话虽如此，仍然存在一个潜在问题。虽然新纪元以股息增长的 “兔子” 而闻名，企业则以分配增长的 “乌龟” 而著称。缓慢而稳定的分配增长可能是你能期待的最好结果，但考虑到高起始收益率，这可能不会让寻求最大化当前收入的股息投资者感到不满。</p>
<h2>股息投资者有很多优秀选择</h2>
<p>标准普尔 500 指数是市场的顶层视图，通常由少数大型公司驱动。总是有很多吸引人的股息股票隐藏在表面之下。现在一些最好的可能是新纪元、雪佛龙和企业产品合伙公司。随着九月份的到来，你可能应该花时间去了解这些能源股票。</p>

新纪元能源

雪佛龙

<p>随着九月的到来，尽管标准普尔 500 指数处于高位，股息投资者仍然可以找到有吸引力的机会。能源领域的三大热门股票是新纪元能源、雪佛龙和企业产品合伙公司。新纪元能源提供 3.1% 的收益率，具有强劲的增长潜力；雪佛龙的收益率为 4.3%，且商业模式稳健；而企业产品合伙公司则提供高达 6.8% 的收益率，并且分配持续增加。这些股票为寻求可靠收入的股息投资者提供了稳健的选择</p>

<p>As the month of September gets underway, dividend investors looking for new opportunities shouldn't be put off by the lofty levels of the broader market. Sure, the <strong>S&amp;P 500 index</strong>(^GSPC -0.69%) is near all-time highs, but there are still some very attractive high-yield stocks hiding under the surface.</p>
<div class="lb-trans"><p>随着九月份的到来，寻找新机会的股息投资者不应被整体市场的高位所吓倒。确实，<strong>标准普尔 500 指数</strong>(^GSPC -0.69%) 接近历史最高点，但仍然有一些非常有吸引力的高收益股票隐藏在表面之下。</p>
</div><p>Three of the most attractive buys right now in the energy sector could be <strong>NextEra Energy</strong>(NEE 0.83%), <strong>Chevron</strong>(CVX 0.65%), and <strong>Enterprise Products Partners</strong>(EPD -0.44%). Here's why.</p>
<div class="lb-trans"><p>目前能源行业中最具吸引力的三只股票可能是 <strong>新纪元能源</strong>(NEE 0.83%)、<strong>雪佛龙</strong>(CVX 0.65%) 和 <strong>企业产品合伙公司</strong>(EPD -0.44%)。以下是原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzE1NzAvMjNfMDZfMTktdGhyZWUtZ29sZGVuLWVnZ3MtaW4tYS1iYXNrZXQtbWFkZS1vZi1tb25leS1fbWYtZGxvYWQuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831570%2F23_06_19-three-golden-eggs-in-a-basket-made-of-money-_mf-dload.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. NextEra Energy has an attractive yield, relatively speaking</h2>
<div class="lb-trans"><h2>1. 新纪元能源的收益相对吸引人</h2>
</div><p>The S&amp;P 500 index's dividend yield is a miserly 1.2% or so. Utility NextEra Energy's dividend yield is more than twice as high, at 3.1% or so. The average utility, meanwhile, has a yield of roughly 2.7%. So, while NextEra Energy's yield may not be as high as some investors might like, it is still a very attractive yield compared to relevant benchmarks.</p>
<div class="lb-trans"><p>标准普尔 500 指数的股息收益率仅为 1.2% 左右。公用事业公司新纪元能源的股息收益率则超过 2 倍，约为 3.1%。而平均公用事业公司的收益率大约为 2.7%。因此，尽管新纪元能源的收益率可能不如一些投资者所希望的高，但与相关基准相比，它仍然是一个非常有吸引力的收益率。</p>
</div><p>That said, the really exciting story here is the dividend growth. During the past decade, NextEra's dividend has increased at a 10% annualized clip. That's good for any company, but particularly good as the utility sector is known for more for slow and steady growth. NextEra expects to raise the dividend by 10% a year through at least 2026. The 6% to 8% earnings growth that is backing the dividend increases is expected to last through at least 2027. In other words, strong dividend growth is likely to continue beyond the current projection.</p>
<div class="lb-trans"><p>话虽如此，真正令人兴奋的故事在于股息增长。在过去十年中，新纪元的股息以 10% 的年化速度增长。这对于任何公司来说都是不错的，尤其是公用事业行业以缓慢而稳定的增长而闻名。新纪元预计到 2026 年，每年将提高 10% 的股息。支撑股息增长的 6% 到 8% 的盈利增长预计将持续到 2027 年。因此，强劲的股息增长可能会超出当前的预测。</p>
</div><p>Two things are driving that growth. First is the company's core regulated electric utility operations in Florida. This state has benefited for years from in-migration. More residents means more customers and more demand. But NextEra has a second business in the mix, since it is also one of the world's largest solar and wind companies. This division is the growth driver and given the energy transition going on, it will likely remain a growth driver for years to come. If you like growth and income stocks, high-yield NextEra Energy should be on your list in September.</p>
<div class="lb-trans"><p>推动这一增长的有两个因素。首先是公司在佛罗里达州的核心受监管电力公用事业业务。多年来，这个州受益于人口迁入。更多的居民意味着更多的客户和更多的需求。但新纪元还有第二个业务，因为它也是全球最大的太阳能和风能公司之一。这个部门是增长的驱动力，考虑到正在进行的能源转型，它可能在未来几年继续作为增长的驱动力。如果你喜欢增长和收入股票，高收益的新纪元能源应该在你九月份的投资名单上。</p>
</div><h2>2. Chevron has a high yield and a resilient business</h2>
<div class="lb-trans"><h2>2. 雪佛龙的高收益和韧性业务</h2>
</div><p>Integrated energy giant Chevron's dividend yield is about 4.3%. The average energy stock's yield is roughly 3.3%. Like NextEra, Chevron looks like a dividend stock with a relatively attractive yield. It surpasses the 4% yield mark that many dividend investors use when looking for investments. So it might be more tempting than NextEra Energy.</p>
<div class="lb-trans"><p>综合能源巨头雪佛龙的股息收益率约为 4.3%。平均能源股票的收益率大约为 3.3%。与新纪元一样，雪佛龙看起来也是一只相对吸引人的股息股票。它超过了许多股息投资者在寻找投资时使用的 4% 收益率门槛。因此，它可能比新纪元能源更具吸引力。</p>
</div><p>Adding to the attraction here is the fact that Chevron has increased its dividend for 38 consecutive years. This is despite the fact that Chevron operates in the commodity-driven energy sector, where oil prices have a huge impact on financial performance. Using an integrated model, which provides exposure to the entire energy value chain, and a focus on a strong balance sheet, with a low debt-to-equity ratio of 0.2, both help Chevron keep the dividend growing. Basically, its business is resilient to the industry's typical swings.</p>
<div class="lb-trans"><p>吸引力的另一个因素是雪佛龙已经连续 38 年提高股息。尽管雪佛龙在以商品为驱动的能源行业运营，油价对财务表现有巨大影响。通过使用综合模型，覆盖整个能源价值链，并专注于强劲的资产负债表，低达 0.2 的债务与股本比率，帮助雪佛龙保持股息增长。基本上，它的业务对行业的典型波动具有韧性。</p>
</div><p>But the real linchpin here is the fact that Chevron's business foundation is getting stronger. First, after a long and difficult effort, the company's troubled acquisition of Hess has been completed. That's good for growth. And second, the company's Venezuelan operations, which can be a bit of a political headache, are starting to function more normally again. This high-yield and reliable energy business is finally working from a position of strength again.</p>
<div class="lb-trans"><p>但真正的关键在于雪佛龙的业务基础正在变得更强。首先，在经过漫长而艰难的努力后，公司对赫斯的收购已经完成。这对增长是有利的。其次，公司在委内瑞拉的业务，虽然有点政治上的麻烦，正在逐渐恢复正常。这家高收益且可靠的能源公司终于再次处于强势地位。</p>
</div><h2>3. Enterprise Products Partners is a tortoise with an ultra-high yield</h2>
<div class="lb-trans"><h2>3. 企业产品合伙公司是一只超高收益的乌龟</h2>
</div><p>Master limited partnership (MLP) Enterprise Products Partners' distribution yield is a mighty 6.8%. And the distribution has been increased for 27 consecutive years. That combination will probably be appealing to most dividend investors.</p>
<div class="lb-trans"><p>主有限合伙企业（MLP）企业产品合伙公司的分配收益率高达 6.8%。而且，该分配已经连续 27 年增加。这种组合对大多数股息投资者来说可能是非常有吸引力的。</p>
</div><p>Enterprise's business is built from the ground up to support its distributions. It has an investment-grade rated balance sheet. And its energy business is squarely in the midstream, where a toll-taker model is used. Enterprise owns vital energy infrastructure assets, like pipelines, for which it charges usage fees. Those fees are tied to volume, not energy prices, making cash flows fairly reliable through the energy cycle.</p>
<div class="lb-trans"><p>企业的业务是从头开始建立的，以支持其分配。它拥有投资级评级的资产负债表。其能源业务完全处于中游，采用收费模式。企业拥有重要的能源基础设施资产，如管道，并收取使用费。这些费用与交易量挂钩，而不是能源价格，使得现金流在能源周期中相对可靠。</p>
</div><p>That said, there is one potential problem. While NextEra is known for being a dividend-growth hare, Enterprise is known for being a distribution-growth tortoise. Slow and steady distribution growth is likely the best you can expect, but given the lofty starting yield, that probably won't upset dividend investors looking to maximize the income they generate today.</p>
<div class="lb-trans"><p>话虽如此，仍然存在一个潜在问题。虽然新纪元以股息增长的 “兔子” 而闻名，企业则以分配增长的 “乌龟” 而著称。缓慢而稳定的分配增长可能是你能期待的最好结果，但考虑到高起始收益率，这可能不会让寻求最大化当前收入的股息投资者感到不满。</p>
</div><h2>Plenty of great options for dividend investors</h2>
<div class="lb-trans"><h2>股息投资者有很多优秀选择</h2>
</div><p>The S&amp;P 500 index is a top-level view of the market and frequently, one that is driven by a small number of large companies. There are always plenty of attractive dividend stocks hidden under the surface. Right now some of the best might be NextEra, Chevron, and Enterprise Products Partners. As September gets underway, you should probably take the time to get to know each one of these energy stocks.</p>
<div class="lb-trans"><p>标准普尔 500 指数是市场的顶层视图，通常由少数大型公司驱动。总是有很多吸引人的股息股票隐藏在表面之下。现在一些最好的可能是新纪元、雪佛龙和企业产品合伙公司。随着九月份的到来，你可能应该花时间去了解这些能源股票。</p>
</div>

九月份值得购买的三只顶级分红股票