If you're looking for bargains, you may want to check out the Basic Materials sector, which has pulled back 6% over the past quarter. This sector, which features some of the high dividend stocks we cover in our articles, has been hit, as concerns about the sustainability of the OPEC production cut, and rising US production/rig counts, have rattled investors. This company raised its Q1 2017 payout 7.8% vs. Q1 2016. Management has raised the company's payouts for 50 straight quarters. It now yields 7.35%, and management is targeting 8% distribution growth in 2017. It's now over 14% below analysts' consensus price.
Holly Energy Partners (NYSE:HEP), headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry, including HollyFrontier Corporation (NYSE:HFC) subsidiaries. The partnership, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Arizona, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming, and Kansas as well as refinery processing units in Kansas and Utah.
Source: Seeking Alpha
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50 Straight Dividend Hikes, More Coming In 2017 - Buy On The Dip
Posted by D4L | Monday, June 12, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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