Looking for distribution growth? The management of midstream operator Delek Logistics Partners LP (DKL), the yieldco arm of Delek US (DK), has raised DKL's quarterly payouts in 26 straight quarters since the company's IPO in 2013. They raised it from $.82 to $.85 for their August Q2 '19 distribution.
Profile:
DKL's logistics assets exist mainly to serve general partner DK's petroleum refining assets and transportation services. In this type of arrangement, the parent/sponsor sells/drops down assets to the yieldco LP, which in turn funds these acquisitions via a combination of equity