For master limited partnerships (MLPs), the key to success has to be the strength of your general partner. It’s a relationship that can make or break you. By providing the initial dropdowns and having a base of strong cash flows, an MLP can build on this success and grow. Our pick for the Best Energy Dividend Stocks List is one that has such a strong relationship.
Our pick has used its sponsor—one of the largest refiners in the world—to build a huge base of steady cash flows. Those cash flows have continued to be used for both rewarding shareholders handsomely, as well as for expansion projects in key producing regions of the U.S. The end result is a growing MLP with a wide reach.
This, in turn, begets more cash flows and further expansion! And with macroeconomic factors like rising demand, our pick is a great place to keep its 8.33% dividend increasing as well. Watch for it as the stock is expected to go ex-dividend next on Friday, April 29 (estimated date).
This week, we are also taking out a relatively smaller energy marketing and logistics company from our list.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
