Usain Bolt may have the best gold medal streak in sprinting world, but in the dividend arena, the fastest man alive has nothing on this high dividend stock - it has raised its distribution every quarter since its IPO - 47 straight times. It has strong distribution coverage of 1.20x over the past four quarters. EPS is up 33% and distributable cash flow is up 19% over the past four quarters.
Holly Energy Partners LP's (NYSE:HEP) general partner is Holly Logistics Services, which, in turn, is owned by HollyFrontier Corp. (NYSE:HFC). HEP's most recent payout of $.585/unit went ex-dividend in late July. Its next distribution will probably be higher again and should go ex-dividend in late October. The company has a five-year dividend growth rate of 6.51%. HEP has been steady in its coverage ratio - it's in a tight range of 1.19x to 1.23x over the past four quarters. HEP has kept cranking out good growth on all fronts over the past four quarters, and has also kept a lid on share dilution.
Source: Seeking Alpha
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