Crestwood Equity Partners (NYSE: CEQP) pays an eye-popping dividend that currently yields 9.3%. Usually, a dividend yield that high is a sign of trouble. However, that's not the case with Crestwood's payout, as the master limited partnership ( MLP ) backs it with solid financial metrics.
It's on an even more sustainable foundation following a string of transactions the company recently completed with a former strategic investor. Add that to the better-than-expected market conditions the company has experienced so far this year, and Crestwood's big-time dividend looks like an even more attractive option for income-seeking investors.
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This 9.3%-Yielding Dividend Just Got Much Stronger