Dividends4Life: 3 High-Yield MLPs to Buy for a Stronger Portfolio in 2019

Dividend Growth Stocks News

Thanks to the Republican tax plan, MLPs do not necessarily make much sense anymore and many parent/GPs have been swallowing their MLP subsidiaries. For income seekers, this removes many potential opportunities to score an extra high-yield. But investors shouldn’t fret too much. There are still a few MLPs sticking around and more importantly, those that are, happen to be some of the best and strongest partnerships around. And with the supply of MLPs dwindling, analysts expect a good year ahead for the remaining firms. With that in mind, here are three MLPs to buy for the new year.

It’s not often you can find real growth potential and strong cash flows/distribution increases. Often, it’s one or the other when it comes to MLPs. But MPLX (NYSE:MPLX) has both in spades. Magellan Midstream Partners, L.P. (NYSE:MMP) proves that boring is beautiful when it comes to MLPs. MLPs succeed based on the strength of their partners. Drop-downs can be an integral part of how an MLP grows. So, naturally, if the firm’s partner is big and growing, then the MLP will be as well. A good example of this could be Hess Midstream Partners LP. (NYSE:HESM).

Source: InvestorPlace

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