Earn 10.76 Percent Income from Oil & Gas Production
Earn 10.76 Percent Income from Oil & Gas Production (YahooFinance.com)
Income investors would be wise to take a peek at oil and natural gas development company QR Energy (QRE). This Houston, Texas-based energy company is currently offering a monthly dividend that yields 10.75 percent. And that includes a recent 7% increase in distributable cash flow from the previous quarter due to process improvements. In addition, the company added 10 percent to its reserves in 2013. Looking ahead, CEO Alan L. Smith sees more growth, “In 2014, we plan to build upon our 2013 success of optimizing capital allocation and maximizing operating margins from the existing asset base, while actively pursuing accretive acquisitions.” Currently, shares are 6.84 percent for the year, but with continued growth in store for 2014, both distributions and share price should continue rising.