High-Dividend Stock Yields Over 9%, 10 Straight Dividend Hikes, Big Deal Coming In 2017

Do you like volatility? It can be your friend in the options market, but when your business model is too exposed to volatility, it can hold your company back. This stock yields 9.64% and has raised its quarterly distribution for 10 straight quarters. Distributable cash flow has grown over 35% in the past four quarters. Management is transforming the business into a steady cash flow machine. Big deal coming in 2017 that will seriously ramp up this company's profile in its industry.

CrossAmerica Partners LP (NYSE:CAPL) engages in the wholesale distribution of motor fuels and ownership and leasing of real estate used in the retail distribution of motor fuels in the US. It distributes gasoline and diesel fuel to approximately 1,100 sites located in 25 states, and also operates convenience stores. CrossAmerica GP LLC operates as the general partner of the company. The company was formerly known as Lehigh Gas Partners LP and changed its name to CrossAmerica Partners LP in October 2014. CrossAmerica Partners LP was founded in 1992 and is based in Allentown, Pennsylvania. It IPO'd in 2014.

Source: Seeking Alpha

Related Articles:
- 5 Stocks With Room To Grow Their Dividend
- 9 Dividend Stocks Ignoring The 4% Rule
- 10 Stocks That Have Paid Dividends For Over 100 Years
- Love People, Use Dividend Stocks
- We Were Dividends, Before Dividends Were Cool