Dividends4Life: High-Dividend Stock Yields 9%, 4 Straight Dividend Hikes, Insiders Buying

Do you use an ethanol blended gasoline in your buggy? Over the past few years, more and more gas stations seem to be carrying ethanol blends, which leads us to the focus stock in this article. This stock yields over 9%, with 1.19x dividend coverage in the third quarter. They've raised their dividend for four straight quarters. Insiders have bought shares over the past two months. It's currently over 16% below analysts' consensus price target.

Green Plains Partners LP, (NASDAQ:GPP) is a fee-based, limited partnership formed by Green Plains Inc. (NASDAQ:GPRE) to provide ethanol and fuel storage, terminal and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. GPRE owns 62.5% of GPP, and public unit-holders hold 35.5%. GPP was founded in 2015 and is headquartered in Omaha, Nebraska. GPP's assets include 30 ethanol storage facilities, located near parent GPRE's 14 ethanol plants, 8 fuel terminal facilities in 7 south-central US states, 2,550 railcars, and trucking capabilities.

Source: Seeking Alpha

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