Dividends4Life: The Hidden Jewel Behind This 15% Yield

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The Hidden Jewel Behind This 15% Yield

Posted by D4L | Thursday, August 02, 2018 | | 0 comments »

The common units yield 15%, but there's a safer way to earn high-yield steady income. There's no K-1. Investors get a 1099 at tax time. Distribution coverage of 4.9X to 5.4X.

Golar LNG Partners LP (GMLP), an LNG shipping company, has had several challenging quarters due to its vessels coming off contracts and being layed up/drydocked for mandatory surveys. This has caused distribution coverage on its common units to fall from 1.47X in Q2 '17, all the way to just .3X in Q1 '18.

Source: Seeking Alpha

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