Dividends4Life: This 11.3% Yield Just Got a Lot Safer

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This 11.3% Yield Just Got a Lot Safer

Posted by D4L | Friday, January 05, 2018 | | 0 comments »

1 High-Yield Stock to Consider. High-yield stocks are not known for their dividend safety. So when a double-digit yielder improves its financial profile and distribution coverage, it deserves the attention of income investors.

The high-yield stock in question in Sunoco LP (NYSE:SUN), a master limited partnership (MLP) headquartered in Dallas, Texas. It operates more than 1,300 convenience stores and retail fuel sites and also acts as a wholesale motor fuel distributor. Like most companies in the energy sector, Sunoco stock plunged since the downturn in oil and gas prices started a few years ago. From August 2014 to today, the partnership’s unit price has tumbled nearly 50%.

Source: Income Investor

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