High-Dividend Stock Yields 8%, Below Book Value

Looking for high dividend stocks in a leading sector? This stock yields 7.97%, with 1.14x distribution coverage in the past four quarters. It should announce its upcoming Q4 distribution this week and go ex-dividend around 1/31/17. It has steadily decreased its debt load over the past four quarters and is trading below book value. It also has attractive options - there are two trades detailed in this article.

Enable Midstream Partners LP (NYSE:ENBL) is a publicly traded master limited partnership. The partnership owns, operates and develops strategically located natural gas and crude oil infrastructure assets. ENBL's assets include approximately 12,500 miles of gathering pipelines, 14 major processing plants with approximately 2.5 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which the Partnership owns 50%), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity. ENBL works on long-term, fee-based contracts with its customers.

Source: Seeking Alpha

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