Niche High-Dividend Stock Yields 10%, Will Grow Dividend By Over 14% In 2016

This stock yields over 10%, and management is targeting 1.29x coverage in 2016. It dominates its niche industry, which has numerous tailwinds, and is the industry's major integrated low-cost producer. It has an average of eight years remaining on its long-term contracts, and plenty of opportunity for more growth. Ever think about wood chips? Sure, they're not a particularly hot item at cocktail parties, but, to paraphrase an old western saying, "there's gold in them thar chips!" Or rather, we should say pellets, wood pellets to be exact.

Enviva Partners (NYSE:EVA) produces and supplies utility-grade wood pellets to power generators. The partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe. Enviva Partners GP LLC operates as the general partner of the company. Enviva Partners LP was founded in 2013 and is based in Bethesda, Maryland. Enviva Partners LP operates as a subsidiary of Enviva Holdings LP (Source EVA website).

Source: Seeking Alpha

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