Management has raised the quarterly payout for 56 straight quarters. The yield is 8.97%. Strong Q3 '18 earnings - revenue up 14%, EBITDA up 16%, DCF up 12%. One of its claims to fame is its long string of distribution hikes since the company's IPO. In fact, they recently tied the immortal Joltin' Joe DiMaggio's hitting streak with their 56th straight hike in October.
Holly Energy Partners L.P. (HEP) is a Delaware LP formed in early 2004 by HollyFrontier (HFC) and is headquartered in Dallas, Texas. HEP provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. HEP's management announced its 56th straight distribution increase on 10/19/18, raising the quarterly distribution from $0.660 to $0.665 per unit, a 3.1% increase over the distribution for Q3 2017.
Source: Seeking Alpha
Related Articles:
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
- 5 Dividend Stocks To Beat The Wall Street Giants
- A Disciplined Approach To Dividend Growth Stocks
- 3 Low Beta, Higher Yielding Dividend Stocks For The Next Downturn
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Billionaire Paul Singer has made a fortune shaking up tired businesses. And right now he has a new company in his crosshairs. In industry ci...
-
To live off the passive income from stocks, one of the important things to pay attention to is the company’s distribution policy. Nowadays, ...
-
Whether you refresh your portfolio every five minutes or check it infrequently, like most investors you probably experience some level of st...
-
Utility stocks feature plenty of steady cash flows and high dividends. It doesn’t matter so much what the economy is doing as people still n...
-
The problem is, finding high-quality dividend stocks isn't easy. That's because yield and risk tend to be correlated. In other words...
-
Usually, when a dividend yield is around 10%, it's due to concerns about its sustainability. However, that's not the case with this ...
-
A High-Yield Stock Investors Can Count on. Considering that most dividend stocks pay less than four percent, a 6.2% annual yield should alre...
-
Reinvesting your dividends is a great way to boost the long-term performance of your stock portfolio, but a history of regular payouts alone...
-
We're now three-fourths of the way through 2019, and it's certainly been an eventful year so far. Although the S&P 500 is up by ...
-
While cash flow can come from bond interest or interest from other types of investments, many income investors hone in on dividends. A divid...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.