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
-
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those...
-
Owning dividend stocks can be a great way to both generate cash flow and beat the market long term. And if you can find stocks that are over...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
Long-time readers know I’m a big fan of the insurance industry because of one quirk in their business model. Customers always pay premiums u...
-
“Cheap” stocks aren’t necessarily the best cheap stocks to buy. And dividend stocks, even those with a high payout, aren’t necessarily safe....
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
-
The markets have been doing very well over the past several weeks, and finding some good bargains has been a bit challenging of late. Howeve...
-
This company's management has raised the quarterly distribution 71 straight quarters, 22 straight years - it will be a Dividend Aristocr...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
-
These dividend stocks tick both boxes: a very high yield and a bullish outlook from the Street. This is pretty crucial as not all dividend s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.