The common yield is over 17%, but there's a much safer way to earn high-yield steady income. Net income/distribution coverage is 9.42X, and DCF/distribution coverage is 8.42X. There's no K-1 - investors get a 1099 at tax time.
We first added Golar LNG Partners LP 8.75% Series A Cumulative Redeemable Preferred Units (GMLPP) to the Hidden Dividend Stocks Plus portfolio back on 12/27/18. Although these preferred units have been flat in price so far in 2018, they've still paid out three generous quarterly distributions of $0.546875/unit, which gives us a total return of 6.3% as of 9/20/18. What's more, it's based on income vs. having to buy and sell the units. This total return lags the S&P 500, but is way ahead of the benchmark Claymore/Delta Global Shipping ETF (SEA), which has returned -8.86%.
Source: Seeking Alpha
Related Articles:
- 3 Simple Steps For A Successful Retirement
- 6 Rainy Day Dividend Stocks
- With Dividend Growth Stocks, Cash Is King
- When A Stock Fails To Raise Its Dividend: Is It Time To Sell?
- Dividend Stocks in Today's Market
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.