High-Dividend Stock Yields Over 13%, Had Record Earnings, Goes Ex-Dividend This Week

With so many mixed earnings results and dividend cuts lately, wouldn't it be swell to find some high dividend stocks actually growing earnings and increasing their dividends? This stock yields 13.5% and has strong dividend coverage (1.43x) via long term fixed fee contracts. It just reported record revenues, EBITDA and distributable cash flow. It has beaten the market over the past month and year-to-date, but is still 60% below analysts' mean price target.

We've written about GasLog Partners MLP (NYSE:GLOP) in some of our previous articles. Like many dividend stocks related to energy, the market has given GLOP a very cold shoulder over the past year. However, that just changed this week when GLOP jumped over 18% after it reported strong earnings, so now it has actually outperformed the S&P 500 over the past month and year-to-date. GLOP owns eight LNG (Liquefied Natural Gas) carriers that operate under long-term charters with subsidiaries of BG Group. GLOP also has options and other rights under which it may acquire additional LNG carriers from GasLog Ltd.

Source: Seeking Alpha

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