High-Dividend Stock Yields 12%, Strong Growth, Selling Below Book Value

Looking for bargains in the high dividend stock basement bin? While many of the newer basic materials stocks we've covered in our articles have been bid up over the past few months, here's one that Mr. Market has overlooked recently; even though it's up over 34% in the past year. This stock yields 12.56%, with distribution coverage of 1.18x. In 2016, revenue grew 29%, net income grew 131%, EBITDA grew 29%, and cash flow grew 26%. It's 11% below analysts' consensus price target, and selling at 26% below book value.

Arc Logistics Partners LP (NYSE:ARCX) has lagged the general market over the past month, quarter, and year to date. As you'll see in the earnings section, it's not for lack of growth. ARCX is a fee-based limited partnership. Its energy logistics assets consist of 21 terminals in 12 states located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the US, with approximately 7.7 million barrels of crude oil and petroleum product storage capacity, four rail transloading facilities with approximately 126,000 barrel per day of throughput capacity, and the liquefied natural gas (LNG) interest in an LNG facility, which has 320,000 cubic meters of LNG storage, 1.5 billion cubic feet per day natural gas send-out capacity, and interconnects to natural gas pipeline networks. Arc Logistics GP LLC operates as a general partner of the company. Arc Logistics Partners LP was founded in 2007 and IPO'd in November 2013.

Source: Seeking Alpha

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