If you're looking for distribution growth over the next few years, you may want to check out This stock. It yields over 9%, with trailing 1.17x coverage. Management has raised the distribution for 17 straight quarters. Management is projecting 10% annual distribution/unit growth through 2019. Its parent company is closing a deal that'll make it one of the leading companies in the red hot Permian Basin. We also offer 1 alternative high yield trade (28% annualized) in this article.
Delek Logistics Partners LP (NYSE:DKL) - a midstream company with a presence in the Permian Basin that's poised to become much larger. DKL has 2 operating segments - Pipeline & Transportation and Wholesale & Terminalling. DKL's parent/general partner Delek US Holdings (NYSE:DK) is set to buy the remaining 53% of Alon USA Energy (NYSE:ALJ) on July 1st, which will transform the company into one of the leading Permian midstream firms. Management is targeting 10% annual distribution growth through 2019.
Source: Seeking Alpha
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