Dividends4Life: Dividend Stock Yields 11%, 7 Straight Dividend Hikes, More Due In 2017, Big Growth

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

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