MLPs did well in 2010

For our seniors I recommended the purchase of master limited partnerships on Jan. 1, 2009, to help alleviate the lessening of income from their pension plans. I listed Kinder Morgan Energy Partners (KMP) as my favorite among this group. It had closed on Dec. 10, 2009 at a new high of $60.98. On Dec. 17, 2010 it closed at $69.25 per share, with a dividend payment of 6.4 percent.

Advisers at leading brokerage firms have since discovered this asset group, and sent MLP stocks rising, resulting in falling yields as prices rose. For example, when I'd first started recommending KMP, it was selling at a much lower price, with a payout of 10.1 percent quarterly. Despite this, I still listed five additional MLP's as a result of my research: In addition to KMP, they are: Boardwalk Pipeline (NYSE: BWP),Enbridge Energy (NYSE: EEP), Enterprise Products (NYSE: EPD), Magellan Midstream Partners (MMP) and Sunoco Logistics (NYSE: SXL).

Source: Times Beacon Record

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