• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Plains All American Pipeline

With strong oil and gas prices over the past year, producers have been making money hand over fist. But when it comes to returning cash to investors, midstream operators also deserve a look.

Check out Plains All American Pipeline (PAA), a master limited partnership with an extensive network of pipeline gathering and transportation systems. The partnership says that its goal is to “increase its distribution to Unitholders over time through a combination of organic and acquisition-oriented growth.”

Indeed, management raised PAA’s quarterly distribution by 21% to $0.2175 per unit last year. Earlier this year, they increased the quarterly payout by another 23% to $0.2675 per unit.

At the current unit price, the stock yields a generous 8.1%.

Goldman Sachs analyst Michael Lapides has a ‘buy’ rating on PAA and a price target of $16 — implying a potential upside of 21% from the current levels.

Read more: Here are 4 easy alternatives to grow your hard-earned cash without the shaky stock market

Find a financial adviser in minutes

Are you confident in your retirement savings? Get advice on your investment portfolio from a certified professional through WiserAdvisor. It only takes 5 minutes to connect with an adviser who puts you first.

Get Started

Enviva

The renewable energy sector has attracted a lot of investor attention in recent years. But there are still intriguing stocks within the space that aren’t household names.

Enviva (EVA) is the world’s largest producer of wood pellets, a renewable energy source that’s a low-cost, drop-in replacement for coal. As countries around the world implement stricter renewable targets, Enviva should see no shortage of demand.

Currently, Enviva’s backlog of revenue from contracts it is working to fulfill stands at $21 billion.

The company is also returning a generous amount of cash to investors. Paying quarterly dividends of $0.905 per share, Enviva yields 9.8%.

Raymond James analyst Pavel Molchanov has a ‘strong buy’ rating on Enviva and a price target of $65 — around 77% above where the stock sits today.

Office Properties Income Trust

As the name suggests, Office Properties Income Trust (OPI) owns a lot of office buildings — its portfolio consists of 160 properties totaling 21 million square feet.

This real estate investment trust hasn’t been a market favorite. Over the past 12 months, OPI shares have tumbled 39%.

But there is something that makes the company stand out: it has a quarterly dividend rate of 55 cents per share and an annual yield of 14.6%.

Moreover, the REIT has quite a few high-profile tenants, such as the U.S. government, Google parent company Alphabet, and Bank of America.

B. Riley Financial analyst Bryan Maher has a ‘buy’ rating on OPI and a price target of $27. Since shares trade at around $15 today, the price target implies a potential upside of 80%.

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Get Started

What to read next

Sponsored

Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.