Dividends4Life: An 11% Yield, Record Earnings And Strong Coverage

Looking to catch a ride on a steady high yield LP? The yield is 10.69%. It had record revenue, EBITDA, and cash flow in Q2 '17. Distribution coverage was 1.77x in Q2, and has averaged 1.39x over the past four quarters. Maybe you should climb aboard...

Golar LNG Partners LP (NASDAQ:GMLP) is a limited partnership formed by Golar LNG Ltd. (NASDAQ:GLNG) to own and operate floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters, which it defines as charters of five years or more. GMLP had its IPO in April 2011. In general, FSRUs take in less revenue than LNG carriers. GMLP just reported very strong Q2 earnings on 8/30/17 - with record revenue, EBITDA, and cash flow.

Source: Seeking Alpaha

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