Investors seeking high-yield dividends have a new opportunity to consider in their portfolio. A mid-cap Utilities Master Limited Partnership (MLP), recently added to the Best High Dividend Stocks model portfolio, stands out for its robust performance and attractive returns. Boasting a forward dividend yield of 8.25%, it outperforms the industry average of 7.0%, placing it in the top echelon of dividend stocks. This yield is not just high; it’s among the top 20% in its category, making it a lucrative option for dividend investors.
However, it’s not just about high yields. The stock demonstrates a strong history of growth, with a six-year track record of increasing dividends, ranking favorably in the top 30% of dividend stocks. This consistency suggests a promising outlook for future increases, a crucial factor for long-term investment strategies.
The anticipation builds as the next payout nears, estimated at $0.445 per share on or around February 23. This upcoming dividend further highlights the stock’s appeal to investors prioritizing income generation.
The inclusion of this stock in the portfolio follows a meticulous recommendation process that prioritizes Yield Attractiveness and Dividend Safety, while also considering Returns Potential and Risk. While arriving at our recommendation, we’ve also factored in the growth drivers and financial results discussed by the company management during their Q3 2023 earnings call held on November 9, 2023.
For those intrigued by this high-yield opportunity, the in-depth analysis that follows will delve deeper, offering insights into the stock’s performance and its fit in a diversified, high-dividend portfolio. This comprehensive review is essential for investors aiming to make informed decisions in the pursuit of sustainable, high-yield dividends.
