This stock has a very well-covered 13%-plus dividend yield. It has 11 straight dividend hikes and a rapidly expanding retail presence into higher-margin products. It's selling at a 25% discount to book value and is over 45% below analysts' lowest price target. Looking for a way to take advantage of market mispricing? Many of our recent articles have covered beaten-down high dividend stocks which are priced way below analysts' price targets, and this article's focus stock certainly fits that bill.
Sunoco (NYSE:SUN) is a growth-oriented Master Limited Partnership (MLP) that distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors, and also owns C-stores. The company was formerly known as Susser Petroleum Partners LP, and changed its name to Sunoco Partners LP in October 2014. SUN has quickly become a major player in the US retail convenience store/gas station industry via organic acquisitions and strategic dropdowns from its parent/partner companies, Energy Transfer Partners (NYSE:ETP) and Energy Transfer Equity (NYSE:ETE). SUN operates approximately 850 C-stores and retail fuel sites.
Source: Seeking Alpha
Related Articles:
- A Winning Investment Strategy
- 7 Dividend Stocks With A 20% Yield In 20 Years
- 5 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 3%
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
For long-term performance, investors should consider pivoting their portfolios toward stocks that deliver high and growing dividend payouts,...
-
Dividend investors often get stuck with popular names in their portfolio, perhaps because these stocks are so often talked about that there&...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Talk to the average financial advisor, and they’ll say there’s no way to earn a safe 12% yield on your investment these days. After all, ban...
-
Dividend payers have long had a reputation as stodgy companies that can pay a reliable income but whose stocks don't move too fast. Here...
-
By any measure the stock market is overbought. With yields still at historic lows despite the increases in the federal funds rate, and the p...
-
This company has great opportunities in their preferred shares for yield hunters. It recently dropped from a buy to a hold. However, on the ...
-
As regular readers know, cash cows constitute mature businesses. Because they have little in the way of growth prospects, these firms pay ou...
-
Buying and holding great dividend stocks is a fantastic way for patient investors to achieve outsize returns over the long run. But not ever...
0 comments
Post a Comment
Post a Comment