Dividend Stock Yields 8%, Strong Cash Flow Growth, Reports This Week

Looking for high dividend stocks with cash flow growth? This stock yields 7.7%, with 1.19x distribution coverage, and is selling below book value. Distributable cash flow grew over 18% in 2016. It reports earnings this week and should go ex-dividend either this week or next week.

Enable Midstream Partners LP (NYSE:ENBL) may be right up your alley. Enable Midstream Partners is a publicly traded master limited partnership. The partnership owns, operates, and develops strategically located natural gas and crude oil infrastructure assets. It has two operating segments: Gathering and Processing (58%) and Transportation and Storage (42%). ENBL grew DCF by 18.77% and EBITDA by 9% in 2016, and turned around its net income, swinging from a -$752M loss to a $290M gain. Its total distributions grew by over 5.65%, and its total distribution coverage grew by 12.42%.

Source: Seeking Alpha

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