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
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