Interest rates are already rising, and the latest U.S. Federal Reserve minutes just hinted at another rate hike in June. Should investors of high-dividend stocks be worried? Well, if a high-dividend stock can keep raising its payout. This High-Dividend Stock Raised Its Payout Every Quarter Since the IPO...
Enviva Partners LP (NYSE:EVA)
is a master limited partnership (MLP) that is in the business of processing wood fiber into wood pellets, a type of biofuel that can be used to replace coal in power generation. Headquartered in Bethesda, Maryland, Enviva is the largest supplier of utility-grade wood pellets in the world, with annual production capacity of almost three million metric tons. Wood pellets may not seem like a big deal here in the U.S., but they are widely used in Europe. As a matter of fact, more than 40% of renewable energy production in the European Union (EU) comes from solid biomass. With regulations pushing for more adoption of clean energy, the demand for industrial wood pellets is expected to grow at a compound annual growth rate (CAGR) of 17% through 2021.
Source: Income Investor
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