High-Dividend Stock Yields 12%, Reported Record Earnings, Below Book Value

Looking for cheap, high dividend stocks in the Basic Materials sector? With over 77% of the Basic Materials sector up over the past month, you may be wondering if any worthy high dividend stocks in this sector are still undervalued. As luck would have it, this stock yields 12.12% with 1.18x distribution coverage in Q3 2016. Revenue has grown 48%, EBITDA 47%, and distributable cash flow 33% in the past four quarters. It is selling at 25% below book value.

Arc Logistics Partners LP (NYSE:ARCX), a solid Basic Materials stock we've covered in previous articles, has lagged the general market over the past month, quarter, year, and year to date. ARCX is a fee-based limited partnership. Its energy logistics assets consist of 21 terminals in 12 states located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the US, with approximately 7.7 million barrels of crude oil and petroleum product storage capacity, four rail transloading facilities with approximately 126,000 barrel per day of throughput capacity, and the liquefied natural gas (LNG) interest in an LNG facility, which has 320,000 cubic meters of LNG storage, 1.5 billion cubic feet per day natural gas sendout capacity, and interconnects to natural gas pipeline networks. Arc Logistics GP LLC operates as a general partner of the company. Arc Logistics Partners LP was founded in 2007, and IPO'd in November 2013.

Source: Seeking Alpha

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