Chevron is an integrated oil giant with an impressive dividend track record.
Enbridge offers a steady dividend backed up by its critical midstream operations and large natural gas utility services.
Enterprise Products Partners is the gold standard of the midstream industry, with a juicy distribution.
What's the worst month of the year for the stock market historically? We're now in it -- September. With the odds of a rate hike from the Federal Reserve climbing and a market priced near all-time highs, it won't be surprising if history repeats itself.
Income investors don't concern themselves all that much with temporary volatility, though. They focus on the stability of the dividends they receive and the resilience of the underlying businesses of their stocks. With these objectives in mind, three high-yield energy stocks look like great picks to buy in September for steady income.
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You won't find many stocks with a more dependable dividend than Chevron (NYSE: CVX). The integrated oil company has increased its dividend for 39 consecutive years, a period that included a global pandemic, recessions, and oil price crashes. In January 2026, Chevron raised its quarterly payout by 4% to $1.78 per share. Its forward dividend yield tops 3.5%.
Behind Chevron's impressive dividend track record is a massive business that spans all parts of the oil and gas industry. Chevron ranks as the world's third-largest energy company by market cap. It's the global leader in natural gas production. The company boasts the industry's highest cash margins. Chevron is also delivering the greatest growth.
Thanks to the acquisition of Hess, Chevron's market position is arguably stronger than ever. The deal gave the company significant exposure to Guyana's low-cost, high-return oil fields.
Chevron can afford to fully fund its dividend program and its planned capital projects even if Brent crude prices fall below $50 per barrel. Brent prices are currently over $86 per barrel. And with uncertainty about whether and when traffic will return to normal levels through the critical Strait of Hormuz, prices could remain elevated for a long time.
Enbridge (NYSE: ENB) doesn't quite match Chevron's dividend track record, but it isn't too far off. The Calgary-based energy company has increased its dividend for 31 consecutive years. And Enbridge handily beats Chevron on one key front: Its forward dividend yield is roughly 5.6%.
The company's importance to the North American economy helps make its dividend so reliable. Enbridge's pipelines transport around 30% of the crude oil produced in North America and one-fifth of the natural gas consumed in the U.S.
But despite being a giant in the midstream energy industry, we can't only call Enbridge a pipeline stock these days. It's also the largest natural gas utility on the continent by volume. The company provides natural gas to 7.2 million customers.
No discussion of Enbridge would be complete without mentioning its growth prospects. Management is on track to pursue up to $20 billion in growth opportunities by the end of 2027, including new pipelines, gas distribution and storage facilities, and renewable power projects. Even better, Enbridge has identified roughly $50 billion worth of opportunities through 2030.
For income investors seeking a more pure-play midstream stock, Enterprise Products Partners (NYSE: EPD) stands out. This master limited partnership (MLP) has increased its distribution for 28 consecutive years. And its distribution is exceptionally juicy, with a yield north of 5.7%.
Enterprise Products Partners operates over 50,000 miles of pipeline that transport a wide range of hydrocarbon products. Its primary focus, though, is natural gas liquids (NGLs), which account for 55% of the company's gross operating margin.
NGLs present a tremendous growth market for Enterprise, too. Asian and European demand for the fuel is expected to grow by around 30% through the end of the decade. Data centers hosting artificial intelligence (AI) applications should remain a key driver of NGL demand growth.
Sure, other pipeline companies will also benefit from this trend. However, Enterprise Products Partners is the gold standard in the midstream industry. It sports the strongest balance sheet. The management team is top-notch and aligned with unitholders' interests. Enterprise is also well positioned financially to invest in the expansion required to capitalize on its growth opportunities.
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Keith Speights has positions in Chevron, Enbridge, and Enterprise Products Partners. The Motley Fool has positions in and recommends Chevron and Enbridge. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.