Excerpt from Barron’s quoting DataTrek co-founder Nick Colas:
…. “In 2019, for example, XLE’s quarterly dividend averaged 8 percent higher than today’s payout while West Texas Intermediate crude (WTI) was actually lower than today’s levels,” wrote Nicholas Colas, co-founder of DataTrek. “While the sector is only 2.9 percent of the S&P, which may limit how much of an overweight many investors can have, those looking for decent yields should consider this sector”….
Read the full article here in Barron’s!