High-Dividend Stock Yields 12%, Will Raise Dividend Over 20% In 2016, Earnings Estimates Rising

This stock yields 12.5% now, but will raise its dividend substantially in 2016, for a potential forward yield over 15%. It recently made an acquisition which will be immediately accretive to earnings. It has no ties to crude and natural gas, and just extended the life of its take-or-pay contracts to eight years. Analysts earnings estimates have steadily risen by over 20% over the past 60 days.

Enviva Partners (NYSE:EVA) is a publicly traded MLP that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. It sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the UK and Europe. EVA owns and operates five plants in Northampton County and Ahoskie, NC, Amory and Wiggins, MS, and Cottondale, FL. It has a combined production capacity of approximately 1.7 million metric tons of wood pellets per year. In addition, the Partnership owns a deep-water marine terminal at the Port of Chesapeake, Virginia, which is used to export wood pellets. Enviva Partners also exports pellets through the ports of Mobile, Alabama and Panama City, Florida.

Source: Seeking Alpha

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