Dividends4Life: 10% Yield, 26 Straight Hikes, 10% Distribution Growth For Delek Logistics Partners

Looking for distribution growth? The management of this midstream operator has raised DKL's quarterly payouts in 26 straight quarters since the company's IPO in 2013. They raised it from $.82 to $.85 for their August Q2 '19 distribution.

Delek Logistics Partners LP (DKL) logistics assets exist mainly to serve general partner DK's petroleum refining assets and transportation services. In this type of arrangement, the parent/sponsor sells/drops down assets to the yieldco LP, which in turn funds these acquisitions via a combination of equity and debt. The yieldco usually has an attractive distribution yield in order to garner support for its publicly traded units.

Source: Seeking Alpha

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