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
Related Articles:
- 10 Stocks With Sustainable Dividend Growth
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix
- Who is Ben Grossbaum and Why Should We Listen to Him?
- 4 High Yield, High Risk Dividend Stocks
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
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