Dividends4Life: Get Ready for a Distribution Hike From a Stock That Already Yields 11%

A Rare Find in the Stock Market. In today’s stock market, what could be better than a safe yield of over 10%? The answer: a double-digit yielder that keeps growing its payout. I know, in an era where most companies pay less than four percent, this sounds too good to be true.

But such a high yielder does exist, and it goes by the name of Delek Logistics Partners LP (NYSE:DKL). As a master limited partnership headquartered in Brentwood, Tennessee, Delek Logistics Partners does not make headlines very often. It was formed by Delek US Holdings Inc (NYSE:DK) back in 2012 and completed its initial public offering in the same year. Today, DKL owns, operates, acquires, and builds crude oil and refined products logistics and marketing assets.

Source: Income Investors

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