Now, we know that most companies don’t yield half that much. And in recent years, the energy industry has been filled with uncertainty, to say the least. This makes income investors wonder whether they can actually count on a double-digit-yielding energy stock. In the world of double-digit-yielding stocks, few look as solid as this one.
I’m talking about Sunoco LP (NYSE:SUN), a master limited partnership (MLP) headquartered in Dallas, Texas. To consumers, the name Sunoco represents a fuel brand. The brand is well recognized among motorsport enthusiasts as Sunoco is the largest manufacturer and marketer of racing fuels in the world. In particular, Sunoco is the official fuel of NASCAR and INDYCAR, and it distributes gasoline to more than 500 racetracks around the globe.
Source: Income Investors
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- 8 Stocks That Have Paid Dividends Since The 1800s
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