Who doesn't like a bargain? With that in mind, we went looking for high dividend stocks which have been left by the wayside in 2017. This stock yields over 10% and has 11 straight dividend hikes. It's now over 10% below analysts' lowest price target. Management is successfully transforming the company to a stable cash flow model - DCF grew 17% in 2016. Its parent company is being acquired by an industry giant - this will greatly increase growth potential.
CrossAmerica Partners LP (NYSE:CAPL) engages in the wholesale distribution of motor fuels and ownership and leasing of real estate used in the retail distribution of motor fuels in the US. It distributes gasoline and diesel fuel to approximately 1,100 sites located in 25 states, and also operates convenience stores. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. CrossAmerica Partners LP was founded in 1992 and is based in Allentown, Pennsylvania. It IPO'd in 2014.
Source: Seeking Alpha
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High-Dividend Stock Yields 10%, 11 Straight Dividend Hikes, Pullback Buying Opportunity
Posted by D4L | Tuesday, April 18, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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