In the current stock market, a double-digit yield often turns out to be a sign of trouble. And that’s why today’s top dividend stock is special. The company not only offers a staggering 10% dividend yield, it has a rock-solid business to back its payout.
Let me explain. The stock in question is Crestwood Equity Partners LP (NYSE:CEQP), a master limited partnership (MLP) headquartered in Houston, Texas. Crestwood is in the midstream energy business. It owns and operates midstream assets located in several major energy production areas in the country, including the Marcellus Shale, Bakken Shale, Delaware Permian Basin, PRB Niobrara Shale, Barnett Shale, and Fayetteville Shale. Right now, the partnership has three main segments: “Gathering & Processing,” “Storage & Transportation,” and “Marketing, Supply & Logistics.”
Source: Income Investors
Related Articles:
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- Dividends vs. Stock Buybacks
- 5 Lessons Learned About Investing In Dividend Growth Stocks
- 4 High Rated, Lower Debt Dividend Stocks With A Reasonable Payout
- 8 High-Yielding Mega-Cap Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Well-chosen dividend stocks are powerful wealth creators. They can add both growth and stability to your investment portfolio -- while putti...
-
High-yield stocks with low price-to-earnings ratios tend to do well over time. It’s also a good deal for investors when the earnings of the ...
-
Whenever a non-dividend-paying stock sets up a regular dividend policy, it is considered very, very good news. And that’s also why, whenever...
-
Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don't go up -- you ...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
As time passes, fewer investors are familiar with Peter Lynch. That’s a shame. The famous former Fidelity fund manager delivered astounding ...
-
I have chosen five stocks selling with dividend yields of 6%+ and with low payout ratios. The dividends of these stocks represent just 50% o...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
-
Buying and holding high-quality dividend stocks is one of the best ways for any investor to consistently beat the market over the long term....
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.