Dividends4Life: High-Dividend Stock Yields 10%, Record Cash Flow, Strong Dividend Coverage, Estimates Rising

Dividend Growth Stocks News

Looking for outperforming high dividend stocks? Maybe you should try looking at the LNG shipping industry. This stock yields over 10%, with strong 1.31x distribution coverage over the past four quarters, and raised its targeted minimum distribution by 50% for 2017-2018. It reported record EBITDA and distributable cash flow in its most recent quarter. It has received multiple upward earnings revisions from analysts over the past month. Its distributions are backed up by long-term contracts, and there's a looming industry shortage that'll support distribution growth.

Golar LNG Partners LP (NASDAQ:GMLP) is one of those LNG shipping outperformers - it has trounced the market over the past month, quarter, year to date, and has more than doubled in price over the past year. GMLP is a publicly-traded limited partnership formed in 2007 as a wholly-owned subsidiary of Golar LNG Limited (NASDAQ: GLNG), a leading independent owner and operator of Floating Storage Regasification Units ("FSRUs") and LNG carriers, to own and operate FSRUs and LNG carriers under long-term charters. In 2008, Golar LNG initially contributed to interests in three vessels, followed by a fourth vessel in April 2011. The fleet consists of approximately six FSRUs and over four LNG carriers.

Source: Seeking Alpha

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