A 12% Yielder With Upside Potential Waiting To Set Sail

For income investors who are more concerned with dividend streams than price gyrations, it's a bit easier to ride out the rough seas. In fact, being a contrarian can help you pick up some good high yielding dividend stocks. This stock yields 12%, with trailing 1.31x coverage. It's a niche player in its industry, with a lock on its region. It also has strong industry tailwinds that will create demand for years to come and over 10 years left on its contracts. It's now 15% below analysts' lowest price target and 29% below the consensus price target.

Dynagas LNG Partners LP (NYSE:DLNG) is a unique LNG shipping stock we've owned for quite a while and have written several articles about. Currently out of favor, DLNG has now trailed the market over the month, quarter, year-to-date, and year. In a market which has so many overvalued equities, this may be an opportunity to get a long-term bargain. To say that DLNG enjoys a niche in the LNG industry would be putting it mildly - it was the first and only LNG shipping company, together with its sponsor, Dynagas Holding Ltd., to carry cargoes through the harsh Northern Sea Route. In fact, Dynagas Group (DLNG and Sponsor) has an 82% market share of the vessels with ice class 1A FS or equivalent notations.

Source: Seeking Alpha

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