13 Straight Distribution Hikes, Insiders Buying, 9% Yield, Big Deal Just Completed By LP

We've been watching, with great interest, how new developments have unfolded in 2017. This MLP yields 9.4%. Management has raised the distribution 13 straight quarters. Insiders bought over 100,000 units in August-September. The company was acquired by a leader in its field, with multiple synergies.

CrossAmerica Partners LP (CAPL) is a US company which sells fuel on a wholesale and retail basis and also owns and leases gas station/convenience stores. CAPL's management has been steadily transitioning the company from operating retail fuel/convenience stores to a more stable, rental fee-based business. The wholesale segment grew to represent 76% of CAPL's gross profit in Q2 '17, vs. 72% in Q2 '16. In addition, the company's rental profits increased to 43% of total gross profit vs. 39% in Q2 '16, as management converted more company owned and operated locations to rental properties:

Source: Seeking Alpha

Related Articles:
- Rising Dividends = Rising Returns
- High-Yield, High-Return Investments To Increase Income While Waiting On Dividend Growth
- Illinois Tool Works Inc. (ITW) Dividend Stock Analysis
- The Most Dangerous Investment
- 9 Dividend Stocks Beating The 4% Rule