In an era where most companies struggle to come up with a five-percent payout, a double-digit dividend yield may seem too good to be true. That’s why today, we’re going to take a look at one of the highest yielders in the market and examine its dividend safety...
The stock in question is NGL Energy Partners LP (NYSE:NGL), a master limited partnership (MLP) headquartered in Tulsa, Oklahoma. The partnership has a quarterly distribution rate of $0.39 per unit, which translates to an annual yield of 13.3%. In the first quarter of NGL Energy Partners’ fiscal year 2019, which ended June 30, the partnership generated adjusted EBITDA of $80.3 million, representing a 106% increase year-over-year.
Source: Seeking Alpha
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