Dividend Stock Yields 10%, Record Income, Cash Flow, EBITDA, Industry Tailwinds

Have you heard about the ongoing LNG revolution? New exporters, new importers, more cost-effective ways to carry and store it, and a whole lot of oncoming production - these trends spell industry tailwinds. This stock yields 10.23%, with very strong 1.36x dividend coverage over the past 4 quarters. They reported record EBITDA, Net Income, and Distributable Cash Flow in Q4 '16. Its industry is increasing production rapidly, which will increase demand for its services. Mgt. has steadily decreased the debt load - it's one of the lowest in its industry.

Golar LNG Partners LP (NASDAQ:GMLP) is a publicly traded limited partnership formed in 2007 as a wholly owned subsidiary of Golar LNG Limited (NASDAQ:GLNG), a leading independent owner and operator of Floating Storage Regasification Units ("FSRUs") and LNG carriers, to own and operate FSRUs and LNG carriers under long-term charters. In 2008, Golar LNG, initially contributed to GMLP interests in three vessels, followed by a fourth vessel in April 2011. GMLP's fleet consists of approximately six FSRUs and over four LNG carriers.
GMLP IPO'd in April 2011, and is based in Bermuda.

Source: Seeking Alpha

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