The yield is 8.37%, with 1.32x trailing coverage. The company received a one-time $26M litigation settlement in Q2, which increased EBITDA and DCF dramatically. This masked a tough operating quarter, due to an outage, which is now fixed.
If you're looking for a "Steady Eddie" niche high yielder, maybe you should take a look at Ciner Resources LP (CINR), one of our long-term high income holdings. CINR is part of the Ciner Enterprises Group - it owns and manages Ciner Wyoming LLC - one of the world's largest and lowest cost producers of natural soda ash.
Source: Seeking Alpha
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