Dividends4Life: Dividend Stock Has 30% Earnings Growth, 46 Straight Dividend Hikes, Estimates Up, Insiders Buying

Dividend Growth Stocks News

This stock has raised its distribution 46 straight quarters since its IPO, and has strong coverage. It has averaged 34% EPS growth in the past 4 quarters. It has received multiple upward estimate revisions from analysts in the past 30 days. Insiders have made multiple stock purchases in 2016. Ever hear about the famous hitting streak of Joe DiMaggio, the Yankee Clipper? He got a hit in 56 consecutive games -- a record that still stands. Well, we're revisiting a dividend stock that has a similar streak...

Holly Energy Partners LP, (NYSE:HEP) has raised its quarterly distribution 46 straight times since its IPO. We're not sure if that earns management the right to marry a movie star, like Joltin' Joe did, but, 46 straight dividend hikes certainly got our attention. HEP was formed in early 2004 by HollyFrontier and is headquartered in Dallas, Texas. HEP provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership owns and operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Arizona, Washington, Idaho, Oklahoma, Utah, Wyoming and Kansas as well as refinery processing units in Kansas.

Source: Seeking Alpha

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