<p>隨着九月份的到來，尋找新機會的股息投資者不應被整體市場的高位所嚇倒。確實，<strong>標準普爾 500 指數</strong>(^GSPC -0.69%) 接近歷史最高點，但仍然有一些非常有吸引力的高收益股票隱藏在表面之下。</p>
<p>目前能源行業中最具吸引力的三隻股票可能是 <strong>新紀元能源</strong>(NEE 0.83%)、<strong>雪佛龍</strong>(CVX 0.65%) 和 <strong>企業產品合夥公司</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>圖片來源：Getty Images。</p>
<h2>1. 新紀元能源的收益相對吸引人</h2>
<p>標準普爾 500 指數的股息收益率僅為 1.2% 左右。公用事業公司新紀元能源的股息收益率則超過 2 倍，約為 3.1%。而平均公用事業公司的收益率大約為 2.7%。因此，儘管新紀元能源的收益率可能不如一些投資者所希望的高，但與相關基準相比，它仍然是一個非常有吸引力的收益率。</p>
<p>話雖如此，真正令人興奮的故事在於股息增長。在過去十年中，新紀元的股息以 10% 的年化速度增長。這對於任何公司來説都是不錯的，尤其是公用事業行業以緩慢而穩定的增長而聞名。新紀元預計到 2026 年，每年將提高 10% 的股息。支撐股息增長的 6% 到 8% 的盈利增長預計將持續到 2027 年。因此，強勁的股息增長可能會超出當前的預測。</p>
<p>推動這一增長的有兩個因素。首先是公司在佛羅里達州的核心受監管電力公用事業業務。多年來，這個州受益於人口遷入。更多的居民意味着更多的客户和更多的需求。但新紀元還有第二個業務，因為它也是全球最大的太陽能和風能公司之一。這個部門是增長的驅動力，考慮到正在進行的能源轉型，它可能在未來幾年繼續作為增長的驅動力。如果你喜歡增長和收入股票，高收益的新紀元能源應該在你九月份的投資名單上。</p>
<h2>2. 雪佛龍的高收益和韌性業務</h2>
<p>綜合能源巨頭雪佛龍的股息收益率約為 4.3%。平均能源股票的收益率大約為 3.3%。與新紀元一樣，雪佛龍看起來也是一隻相對吸引人的股息股票。它超過了許多股息投資者在尋找投資時使用的 4% 收益率門檻。因此，它可能比新紀元能源更具吸引力。</p>
<p>吸引力的另一個因素是雪佛龍已經連續 38 年提高股息。儘管雪佛龍在以商品為驅動的能源行業運營，油價對財務表現有巨大影響。通過使用綜合模型，覆蓋整個能源價值鏈，並專注於強勁的資產負債表，低達 0.2 的債務與股本比率，幫助雪佛龍保持股息增長。基本上，它的業務對行業的典型波動具有韌性。</p>
<p>但真正的關鍵在於雪佛龍的業務基礎正在變得更強。首先，在經過漫長而艱難的努力後，公司對赫斯的收購已經完成。這對增長是有利的。其次，公司在委內瑞拉的業務，雖然有點政治上的麻煩，正在逐漸恢復正常。這家高收益且可靠的能源公司終於再次處於強勢地位。</p>
<h2>3. 企業產品合夥公司是一隻超高收益的烏龜</h2>
<p>主有限合夥企業（MLP）企業產品合夥公司的分配收益率高達 6.8%。而且，該分配已經連續 27 年增加。這種組合對大多數股息投資者來説可能是非常有吸引力的。</p>
<p>企業的業務是從頭開始建立的，以支持其分配。它擁有投資級評級的資產負債表。其能源業務完全處於中游，採用收費模式。企業擁有重要的能源基礎設施資產，如管道，並收取使用費。這些費用與交易量掛鈎，而不是能源價格，使得現金流在能源週期中相對可靠。</p>
<p>話雖如此，仍然存在一個潛在問題。雖然新紀元以股息增長的 “兔子” 而聞名，企業則以分配增長的 “烏龜” 而著稱。緩慢而穩定的分配增長可能是你能期待的最好結果，但考慮到高起始收益率，這可能不會讓尋求最大化當前收入的股息投資者感到不滿。</p>
<h2>股息投資者有很多優秀選擇</h2>
<p>標準普爾 500 指數是市場的頂層視圖，通常由少數大型公司驅動。總是有很多吸引人的股息股票隱藏在表面之下。現在一些最好的可能是新紀元、雪佛龍和企業產品合夥公司。隨着九月份的到來，你可能應該花時間去了解這些能源股票。</p>

新紀元能源

雪佛龍

<p>隨着九月的到來，儘管標準普爾 500 指數處於高位，股息投資者仍然可以找到有吸引力的機會。能源領域的三大熱門股票是新紀元能源、雪佛龍和企業產品合夥公司。新紀元能源提供 3.1% 的收益率，具有強勁的增長潛力；雪佛龍的收益率為 4.3%，且商業模式穩健；而企業產品合夥公司則提供高達 6.8% 的收益率，並且分配持續增加。這些股票為尋求可靠收入的股息投資者提供了穩健的選擇</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>隨着九月份的到來，尋找新機會的股息投資者不應被整體市場的高位所嚇倒。確實，<strong>標準普爾 500 指數</strong>(^GSPC -0.69%) 接近歷史最高點，但仍然有一些非常有吸引力的高收益股票隱藏在表面之下。</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>目前能源行業中最具吸引力的三隻股票可能是 <strong>新紀元能源</strong>(NEE 0.83%)、<strong>雪佛龍</strong>(CVX 0.65%) 和 <strong>企業產品合夥公司</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>圖片來源：Getty Images。</p>
</div><h2>1. NextEra Energy has an attractive yield, relatively speaking</h2>
<div class="lb-trans"><h2>1. 新紀元能源的收益相對吸引人</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>標準普爾 500 指數的股息收益率僅為 1.2% 左右。公用事業公司新紀元能源的股息收益率則超過 2 倍，約為 3.1%。而平均公用事業公司的收益率大約為 2.7%。因此，儘管新紀元能源的收益率可能不如一些投資者所希望的高，但與相關基準相比，它仍然是一個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>話雖如此，真正令人興奮的故事在於股息增長。在過去十年中，新紀元的股息以 10% 的年化速度增長。這對於任何公司來説都是不錯的，尤其是公用事業行業以緩慢而穩定的增長而聞名。新紀元預計到 2026 年，每年將提高 10% 的股息。支撐股息增長的 6% 到 8% 的盈利增長預計將持續到 2027 年。因此，強勁的股息增長可能會超出當前的預測。</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>推動這一增長的有兩個因素。首先是公司在佛羅里達州的核心受監管電力公用事業業務。多年來，這個州受益於人口遷入。更多的居民意味着更多的客户和更多的需求。但新紀元還有第二個業務，因為它也是全球最大的太陽能和風能公司之一。這個部門是增長的驅動力，考慮到正在進行的能源轉型，它可能在未來幾年繼續作為增長的驅動力。如果你喜歡增長和收入股票，高收益的新紀元能源應該在你九月份的投資名單上。</p>
</div><h2>2. Chevron has a high yield and a resilient business</h2>
<div class="lb-trans"><h2>2. 雪佛龍的高收益和韌性業務</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>綜合能源巨頭雪佛龍的股息收益率約為 4.3%。平均能源股票的收益率大約為 3.3%。與新紀元一樣，雪佛龍看起來也是一隻相對吸引人的股息股票。它超過了許多股息投資者在尋找投資時使用的 4% 收益率門檻。因此，它可能比新紀元能源更具吸引力。</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>吸引力的另一個因素是雪佛龍已經連續 38 年提高股息。儘管雪佛龍在以商品為驅動的能源行業運營，油價對財務表現有巨大影響。通過使用綜合模型，覆蓋整個能源價值鏈，並專注於強勁的資產負債表，低達 0.2 的債務與股本比率，幫助雪佛龍保持股息增長。基本上，它的業務對行業的典型波動具有韌性。</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>但真正的關鍵在於雪佛龍的業務基礎正在變得更強。首先，在經過漫長而艱難的努力後，公司對赫斯的收購已經完成。這對增長是有利的。其次，公司在委內瑞拉的業務，雖然有點政治上的麻煩，正在逐漸恢復正常。這家高收益且可靠的能源公司終於再次處於強勢地位。</p>
</div><h2>3. Enterprise Products Partners is a tortoise with an ultra-high yield</h2>
<div class="lb-trans"><h2>3. 企業產品合夥公司是一隻超高收益的烏龜</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>主有限合夥企業（MLP）企業產品合夥公司的分配收益率高達 6.8%。而且，該分配已經連續 27 年增加。這種組合對大多數股息投資者來説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>企業的業務是從頭開始建立的，以支持其分配。它擁有投資級評級的資產負債表。其能源業務完全處於中游，採用收費模式。企業擁有重要的能源基礎設施資產，如管道，並收取使用費。這些費用與交易量掛鈎，而不是能源價格，使得現金流在能源週期中相對可靠。</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>話雖如此，仍然存在一個潛在問題。雖然新紀元以股息增長的 “兔子” 而聞名，企業則以分配增長的 “烏龜” 而著稱。緩慢而穩定的分配增長可能是你能期待的最好結果，但考慮到高起始收益率，這可能不會讓尋求最大化當前收入的股息投資者感到不滿。</p>
</div><h2>Plenty of great options for dividend investors</h2>
<div class="lb-trans"><h2>股息投資者有很多優秀選擇</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>標準普爾 500 指數是市場的頂層視圖，通常由少數大型公司驅動。總是有很多吸引人的股息股票隱藏在表面之下。現在一些最好的可能是新紀元、雪佛龍和企業產品合夥公司。隨着九月份的到來，你可能應該花時間去了解這些能源股票。</p>
</div>

九月份值得購買的三隻頂級分紅股票