In a market where the average S&P 500 company pays less than two percent, a double-digit dividend yield looks too good to be true. Therefore, it shouldn’t come as a surprise that most ultra-high yielders are not perfect.
Take Green Plains Partners LP (NASDAQ:GPP) stock, for instance. GPP is a master limited partnership (MLP) that owns and operates ethanol and fuel storage tanks, terminals, and transportation assets. Trading at $15.35 apiece, the stock offers investors a jaw-dropping yield of 12.4%.
Source: Income Investors
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