A 9.6% Yield, No K-1, Record Earnings Again For Niche Leader

Looking for a solid, high-yield niche play? The yield is 9.6%, with record 1.22X coverage in Q2 '18. They issue a 1099 - no K-1. They just reported record earnings in Q2 '18 - EBITDA was up 25%, and DCF rose 18%. There's also a preferred series which yields 8.6%.

Maybe you should consider Hoegh LNG Partners LP (HMLP), the only publicly traded pure play on FSRUs. FSRU stands for "Floating Storage & Regasification Unit," and it's a rapidly growing presence in the LNG shipping industry. HMLP's parent/sponsor, Höegh LNG Holdings Ltd., is the largest provider of FSRUs in the market. FSRU leasing/chartering solves many problems for charterer companies and countries. It's slow and expensive to build an LNG import terminal, so FSRUs are being increasingly used to give countries access to LNG.

Source: Seeking Alpha

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