Dividends4Life: A 10.7% Yield with an “A” Rating

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A 10.7% Yield with an “A” Rating

Posted by D4L | Sunday, July 22, 2018 | | 0 comments »

I rate most of the double-digit payouts that cross my desk as junk. You don’t see too many safe, high yields out there. But today’s company might inspire confidence, at least as far as we care about the distribution. Safe Income From This 10.7% Yielder...

AmeriGas Partners, L.P. (NYSE:APU) is a master limited partnership (MLP) which distributes propane to thousands of households across the country. It also distributes plenty of cash flow to shareholders. But can this 10.7% yield possibly be safe? Let take a deep dive into this partnership. The nature of the propane business results in reliable profits, to begin with. AmeriGas doesn’t represent a bet on commodity prices. Instead, the partnership makes a dollar on every gallon of propane shipped to customers.

Source: Income Investors

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