High-Dividend Stock Yields 10%, Has 8 Straight Dividend Hikes, Goes Ex-Dividend This Week

This stock yields 10.22% and has a 1.08x coverage ratio. EBITDA has grown over 40%, and distributable cash flow is up over 60% in the last four quarters. It has raised its dividend eight straight times, and sees 5% to 7% more payout growth in 2016. Some of the high dividend stocks we've covered in our recent articles are showing lower revenues due to falling crude oil prices, but they're also showing good growth in EBITDA and distributable cash flow.

CrossAmerica Partners LP (NYSE:CAPL) is a case in point. This combo petroleum wholesaler/retailer has been able to grow its distributions over the past eight quarters, in spite of falling crude prices. CrossAmerica Partners LP is a distributor of branded petroleum for motor vehicles in the United States. It distributes fuel to more than 1,250 locations and owns or leases more than 800 sites. The geographic footprint covers 29 states.

Source: Seeking Alpha

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