This Dividend Stock Yields 9%, Has Strong Revenue Growth And Raising Dividend By 10%

This week's focus stock, GasLog Partners LP (NYSE:GLOP), IPO'd in May 2014 and got caught up in the crude oil crash. Its performance has been pretty dismal, but it did get a lift in this week's energy stocks rebound. GasLog Partners LP, GLOP, is a growth-oriented limited partnership formed to own, operate and acquire liquefied natural gas - LNG carriers engaged in LNG transportation under long-term charters, which it defines as charters of five full years or more.

As an income investor, this business model is very appealing - long-term contracts, (average 4.2 years plus extension options), on fixed fees, with 100% utilization, and no commodity exposure. Strong future growth for LNG = demand for LNG vessels: The first US LNG terminal should start producing in late 2015, with these other projects following it over the next few years expected to produce a total of 83 mtpa. Notice how most of these projects are already fully contracted. This stock has a well-covered 9%-plus distribution and its forward yield is over 10%. Management confirmed it will raise the next distribution by 10% and confirmed a future distribution compound annual growth rate of 10%-15% for several years.

Source: Seeking Alpha

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