High Dividend Stock Yields 15%, Has Top Shelf Customers, Insiders Keep Buying

This stock yields over 15%, and has long-term contracts with major names in its industry. Insiders have been steadily buying shares on a monthly basis in 2016. It has lower valuations than its peers, and has been steadily diversifying into fee-based businesses. To say that many midstream companies have been revenue-challenged in the wake of the oil glut would certainly be an understatement. As we've detailed in recent articles, it's a tale of lower revenues, but the better-managed firms have been able to sustain or increase their distributions via moving toward more fee-based business models.

Martin Midstream Partners LP, (NASDAQ:MMLP), certainly fits that mold. Its revenues have declined over the past four quarters, but it has managed to sustain its attractive $.8125 quarterly distribution. It's not a totally perfect picture however, since MMLP's distribution coverage ratio is currently at .97 for the past 4 quarters. MMLP is yielding 15.13% -- it has one of the highest yields in the midstream space, and is among the leaders in the Energy section of our High Dividend Stocks By Sector Tables.

Source: Seeking Alpha

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