High-Dividend Stock Yields 12% With Strong Cash Flow Growth And A Cheap Price

Looking for values in the "fall buying season?" Some stocks are presenting good values, since Mr. Market has pushed them down over the past few weeks. This stock yields over 12% and had 1.25x distribution coverage in its most recent quarter. The company just reported EBITDA growth of 27% and Distributable Cash Flow growth of over 10%. It's selling just above book value and over 23% below analysts' average price target.

We've covered Sunoco LP (NYSE:SUN) in past articles - they just reported their Q3 earnings. This is a company which has expanded rapidly over the past two years, transforming itself into a C-store/gas station/taco-flippin' juggernaut. As of September 30, SUN operated approximately 1,345 convenience stores and retail fuel outlets along the East Coast in the Southwest and in Hawaii. Third-party operated sites totaled 5,600 locations. In the first nine months of 2016, SUN's two biggest sales segments, Retail and wholesale motor fuel, both saw revenue falling due to a decrease in the average selling price of fuel, but the wholesale division's gross profit grew over 36%.

Source: Seeking Alpha

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