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
Related Articles:
- Who Owns The Top Dividend Stocks?
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
- 10 Stocks With Sustainable Dividend Growth
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix
17 Straight Dividend Hikes, 10% Annual Dividend Growth Through 2019, Big Permian Deal
Posted by D4L | Sunday, July 16, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
Investors buy dividend stocks for a few reasons. For one, they provide income via dividends that act as a bonus on top of capital appreciati...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.