Introduction
Even though Holly Energy Partners (HEP) reduced their distributions by 48% earlier in 2020, they still currently offer a very high yield slightly above 10%. Given the desirability of this potential income in a low interest rate world, it poses two important questions, being whether their distribution is now safe, and if safe, can they reinstate their previous distributions thereby providing a yield on cost of approximately 20%.
Executive Summary & Ratings
Since many readers are likely short on time, the table below provides a very brief executive summary and ratings for the primary