Looking for high dividend stocks with strong dividend coverage? You've come to the right place. This stock yields 10.8%, with very strong 1.78x coverage. Management has raised the distribution seven times in a row, and has forecasted 5% to 10% distribution growth for 2017. Revenues and net income grew over 35% in 2016, and EBITDA and distributable cash flow up over 50%.
Houston-based USD Partners LP acquires, develops, and operates energy-related rail terminals and other midstream infrastructure assets in the US and Canada. The company operates through two segments - Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal (54% of 2016 EBITDA), an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Casper terminal (38% of 2016 EBITDA), a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and terminals in San Antonio, Texas and West Colton, California, which are unit train-capable destination terminals that transload ethanol received by rail from producers onto trucks.
Source: Seeking Alpha
Related Articles:
- Your Greatest Wealth Building Asset
- Never Fall In Love With A Stock
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns
- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
- International Diversification May Be Closer than You Think
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Not all utility stocks are cut from the same cloth. There have been some dividend blow-ups in the sector, as a few have become over-leverage...
-
Two conservative industry bellwethers with giant yields and strong businesses -- there's a lot to love here. Dividends are only as good ...
-
In today’s market, high-yield stocks are usually not the safest bets. I mean, if a company is solid and offers a yield much higher than its ...
-
This REIT continues to make a strong value proposition for investors that value income stability in a volatile market. It convinces in terms...
-
You have good reason to be nervous. Anyone who had just seen their retirement account take a big haircut would lose sleep. The question is, ...
-
Studies have shown that there is no single best season or month to trade stocks -- take that, January Effect! That said, there are some soli...
-
On the surface, AT&T (NYSE: T) may look like a compelling investment. It is one of the largest telecommunications companies in the world...
-
Most dividend stocks pay on a quarterly or even semi-annual basis. And while that may not seem like a problem, for many retirees used to a m...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
Buying and holding high-quality, high-yield dividend stocks is a great way for investors to predictably generate market-beating returns over...
0 comments
Post a Comment
Post a Comment