High-Dividend Stock Yields 11% With Over 20% Cash Flow And EBITDA Growth, Estimates Rising

This stock yields 11.86% with strong dividend coverage of 1.19x over the past four quarters. It grew EBITDA over 22%, and also grew distributable cash flow over 21% in 2015. It has received multiple upward EPS revisions for 2016 and 2017 over the past 30 days - analysts are projecting over 28% EPS growth in 2016. Is top line growth imperative? Obviously, it's important, but sometimes companies can battle an adverse market and experience lower revenues, but achieve higher earnings via becoming more efficient and/or tweaking their business models.

Normally, our articles cover high-dividend stocks with attractive revenue and earnings growth, but this article's focus stock, DCP Midstream Partners LP (NYSE:DPM), turned out to be an impressive anomaly. Founded in 2005, Denver-based DCP Midstream Partners, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the US. It operates through three segments: Natural gas services, natural gas liquids (NGL) logistics, and wholesale propane logistics.

Source: Seeking Alpha

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