17 Straight Dividend Hikes, 10% Annual Dividend Growth Through 2019, Big Permian Deal

If you're looking for distribution growth over the next few years, you may want to check out This stock. It yields over 9%, with trailing 1.17x coverage. Management has raised the distribution for 17 straight quarters. Management is projecting 10% annual distribution/unit growth through 2019. Its parent company is closing a deal that'll make it one of the leading companies in the red hot Permian Basin. We also offer 1 alternative high yield trade (28% annualized) in this article.

Delek Logistics Partners LP (NYSE:DKL) - a midstream company with a presence in the Permian Basin that's poised to become much larger. DKL has 2 operating segments - Pipeline & Transportation and Wholesale & Terminalling. DKL's parent/general partner Delek US Holdings (NYSE:DK) is set to buy the remaining 53% of Alon USA Energy (NYSE:ALJ) on July 1st, which will transform the company into one of the leading Permian midstream firms. Management is targeting 10% annual distribution growth through 2019.

Source: Seeking Alpha

Related Articles:
- Who Owns The Top Dividend Stocks?
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
- 10 Stocks With Sustainable Dividend Growth
- 12 Dividend Growth Stocks With A Good Yield/Growth Mix