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SUN - The 10.8% Distribution Yield Of Sunoco LP Is Not As Risky As You May Think
Sunoco LP representing limited partner interests
Sunoco LP (SUN) is offering a 10.8% distribution yield, which is undeniably attractive, particularly given the suppressed interest rates prevailing right now. However, when a stock offers such an abnormally high yield, it usually signals that the distribution is at the risk of being cut. Nevertheless, in the last two years, I have repeatedly stated that the distribution of the MLP can be considered safe and my thesis has played out well so far. In this article, I will reiterate that the exceptional yield of Sunoco LP is safe in the absence