Dividend Stock Yields 9%, Record Earnings Again, More Due In 2017

This stock yields 9.14%, with trailing 1.26x coverage, and goes ex-dividend this week. It's had record EBITDA and DCF for three quarters in a row. Management issued 2017 guidance calling for 15% to 19% growth in EBITDA and 10% to 16% DCF growth. Looking for strong growth and a well-covered dividend? We suggest walking up the gangplank and boarding...

KNOT Offshore Partners LP (NYSE:KNOP) owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. As of March 17, 2017, it had a fleet of 12 shuttle tankers. KNOT Offshore Partners GP LLC serves as the general partner of the company. The company was founded in 2013 and is headquartered in Aberdeen, UK. Shuttle tankers are a vital link in the oil distribution chain - in many ports, they're the only "ride into town" for oil shippers, so without these vessels, the oil can't get to port.

Source: Seeking Alpha

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