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

Related Articles:
- 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
- 6 High-Yield REITs With Growing Dividends
- 26 Income Securities For A Well-Rounded Asset Allocation