High-Dividend Stock Yields 11%, 13 Straight Dividend Hikes, Strong Growth

Looking for high dividend stocks with strong growth? This stock yields 11.66% and has raised its distribution for 13 straight quarters. It has triple-digit cash flow growth and 69% EBITDA growth over the past four quarters. It recently made new acquisitions which will ramp up its earnings in Q4 2016 and is selling below book value.

We've covered Sunoco LP (NYSE:SUN) in previous articles, which have profiled this stock's rapid ascent into becoming a powerhouse in the US C-store/gas station industry. Since October 2014, SUN has transformed itself from a local Texas-based fuel wholesaler into a major player in the C-store/gas station biz through a series of acquisitions. SUN completed its major acquisition of Sunoco LLC and Sunoco Retail LLC from Energy Transfer Partners (NYSE:ETP) on 3/31/16.

Source: Seeking Alpha

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