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
-
Stocks that offer big dividend yields are often backed by businesses that are going through rough patches and experiencing significant downt...
-
With the calendar turning over to 2019, many of the trends causing the rise in volatility aren’t stopping. To that end, making a calculated ...
-
Many dividend stocks tumbled over the past year, since conservative investors often shift from high-yielding stocks to bonds when interest r...
-
Because we're expected to live longer than those just a generation or two removed from us, we'll need income during our retirement f...
-
This company has become an income machine for investors over the past three decades, thanks in large part to the 132 consecutive dividends i...
-
For the most part, stock market investors love the technology sector. While tech stocks were hit particularly hard during the latest market ...
-
If you want to find good deals this holiday season, forget the department stores. Instead, go to the stock market. Due to the lackluster per...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d...
-
The yield is 9.07%, with 1.14X coverage in Q3 '18. EVA has a $7.4B backlog that's contracted through 2025. Management expects EBITDA...
0 comments
Post a Comment
Post a Comment