A High-Yield Stock You Likely Haven’t Considered. In today’s market, what could be better than an annual dividend yield of 9.4%? The answer: a 9.4% yield that keeps on increasing. Sounds too good to be true?
Well, just take a look at what’s going on at PBF Logistics LP (NYSE:PBFX). As a master limited partnership headquartered in Parsippany, New Jersey, PBF Logistics LP is not a stock that gets mentioned in financial media that often. The partnership came into existence as a spinoff from PBF Energy Inc (NYSE:PBF) in 2014. Today it owns, leases, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, storage facilities and other logistics assets.
Source: Income Investors
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