PAA - This 12%-Yielding Dividend Stock's Amazing Growth Streak Continues
This year has been an abysmal one for dividends in the oil patch. Many payouts have fallen along with crude prices. Meanwhile, some of the sector's strongest companies have only maintained their current level instead of delivering on their growth promises.
That makes Delek Logistics Partners (NYSE: DKL) stand out, since it's one of the few energy companies that has continued growing its dividend this year. The MLP recently declared its 29th consecutive quarterly increase, pushing its already-impressive yield further past 12%. That likely won't be its last one as the company's improving financials and visible growth prospects give it more room to increase its payout.
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