Dividends4Life: 11% Payback At The Pump

11% Payback At The Pump

Posted by D4L | Thursday, December 31, 2020 | | 0 comments »

GLP common yields 11.45%, with strong 2.85X coverage in Q1-3 2020. It has had strong net income, DCF, and EBITDA growth in 2020. Management refinanced 2023 debt post Q3 2020.

Global Logistics Partners LP (GLP) was founded in 2005 and is based in Waltham, Massachusetts. It's one of the largest fuel distributors in the New England area, selling via retail and wholesale divisions. It's also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada, and has a rail and waterborne terminal on the West Coast, in Oregon.

Source: Seeking Alpha

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