High Dividend Stock Has 47 Straight Dividend Hikes, Good Cash Flow And EPS Growth

Usain Bolt may have the best gold medal streak in sprinting world, but in the dividend arena, the fastest man alive has nothing on this high dividend stock - it has raised its distribution every quarter since its IPO - 47 straight times. It has strong distribution coverage of 1.20x over the past four quarters. EPS is up 33% and distributable cash flow is up 19% over the past four quarters.

Holly Energy Partners LP's (NYSE:HEP) general partner is Holly Logistics Services, which, in turn, is owned by HollyFrontier Corp. (NYSE:HFC). HEP's most recent payout of $.585/unit went ex-dividend in late July. Its next distribution will probably be higher again and should go ex-dividend in late October. The company has a five-year dividend growth rate of 6.51%. HEP has been steady in its coverage ratio - it's in a tight range of 1.19x to 1.23x over the past four quarters. HEP has kept cranking out good growth on all fronts over the past four quarters, and has also kept a lid on share dilution.

Source: Seeking Alpha

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