Dividends4Life: High-Dividend Stock Yields Over 17%, Sees Strong 2016 Cash Flow Growth, Reports This Week

Dividend Growth Stocks News

This stock yields 17.55% and has long-term contracts which amply support its distributions. It recently made a new acquisition which will significantly increase distributable cash flow and strengthen distribution coverage, which is already 1.19x for the past four quarters. It’s up over 8% in the past month, but is still 37% below analysts' consensus price target, and reports Q4 earnings on Monday, February 29th.

Golar LNG Partners LP (NASDAQ:GMLP) is a limited partnership formed by Golar LNG Limited to own and operate floating storage and regasification units - FSRUs and LNG carriers under long-term charters, defined as charters of five years or more. GMLP has a fleet of six FSRUs and four LNG carriers, which just increased to seven FSRUs with its acquisition of the Golar Tundra. Golar GP LLC serves as the general partner of Golar LNG Partners LP. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.

Source: Seeking Alpha

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