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
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