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
-
Do you need more income? Join the crowd. It seems everyone is scouring the landscape these days for decent income investments to beef up the...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While I've invested a decent portion of my portfolio into growth stocks, a significant part of my holdings consists of dividend-paying s...
-
All too often when a cheap stock offers a high dividend yield, it's too good to be true. Perhaps the stock has plunged with good reason,...
-
Stocks can make for amazing investments, offering better long-term returns than bonds, precious metals, and most other commonly available in...
-
If it's dividends you're after, there are plenty of top companies to consider, particularly those on the Dow Jones Industrial Averag...
-
Investors hear about dividend aristocrats all the time. It’s a fantastic thing if a company raises its dividend every year for 25 years runn...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
To alert investors of stocks that have the highest risk of reducing their current dividend in the future, Simply Safe Dividends created a Di...
0 comments
Post a Comment
Post a Comment