Dividends4Life: A 10% Yield On Qualified Dividends, With Strong Coverage, Record Earnings, And No K-1

Looking for a high-yield investment without the hassle of a K-1? The yield is 10.54%, with strong 1.26X coverage. Q4 '17 earnings hit records for revenue and adjusted EBITDA. It issues a 1099 at tax time - no K-1. It's only 3% above its 52-week low.

KNOT Offshore Partners LP (KNOP) is one of a few LPs that has elected to be treated as a C-Corp, and issues 1099s to unitholders at tax time. Thus, we are spared the complexities of a K-1. KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. KNOT Offshore Partners GP LLC serves as the general partner of the company, and Knutsen NYK Offshore Tankers AS is its sponsor. The company was founded in 2013 and is headquartered in Aberdeen, UK.

Source: Seeking Alpha

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