Dividends4Life: A New 8% High-Yield Place To Hide Out, Backed By Strong Earnings

Dividend Growth Stocks News

Looking for a safe place to hide out from the market fallout? The yield is over 8%, with 6X to 17X coverage. There's rising rate protection and lower volatility. EBITDA grew 25%, distributable cash flow grew 39%, and revenue grew 19% in Q2 '18, and will continue to grow, with more projects due online in 2018-2019.

Maybe you should consider the new preferred offering from DCP Midstream LP (DCP). DCP Midstream LP, 7.95% Series C Fixed/Float Cumulative Redeemable Perpetual Preferred Units (DCP.PC) just started trading this week, and they are still under their $25.00 call value. DCP also issued another preferred series earlier in 2018, its series B units, DCP Midstream LP, 7.875% Series B Fixed/Float Cumulative Redeemable Perpetual Preferred Units (DCP.PB). DCP's preferred units are rated B1 by Moody's and B by Standard & Poor's.

Source: Seeking Alpha

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