Dividends4Life: MLP Lifted Higher As Investors Seek Dividends

Dividend Growth Stocks News

MLP Lifted Higher As Investors Seek Dividends

Posted by D4L | Saturday, October 08, 2011 | | 0 comments »

Sunoco Logistics Partners (SXL – Analyst Report) has held up quite well in the weak market, recently hitting a new 52-week high as investors flock to dividend stocks. With a second quarter earnings surprise of 83% and estimates on the rise, this Zacks #1 Rank stock has momentum in a weak market.

Sunoco Logistics is engaged in the transport, terminaling and storage of refined petroleum products in the United States. This Master Limited Partnership was founded in 2001 and has a market cap of $2.88 billion. With the market recently on the down swing, investors have been shifting into more conservative segments of the market. That and strong second quarter results from late July have given dividend stocks like SXL a nice boost.

Source: Forbes

Related Articles:
- 7 High-Yield Dividend Achievers With 25 Years of Increases
- American Safari: Stalking Three Great Dividend Stocks
- Five Stocks For Any Economic Situation
- Dividend Investing vs. S&P Index Fund
- Five Dividend Stocks To Watch



Post a Comment

Note: Only a member of this blog may post a comment.