A High-Dividend Stock That Has Seen 30 Straight Dividend Hikes

With interest rates near record lows, what option exists in the marketplace to earn a high income? I would suggest looking at high-dividend growth stocks, which belong to companies that are growing their earnings and payouts alike. One major benefit of this investing type of stock is that a faster rate of return will be calculated on the initial capital investment. And the only thing required from investors is patience as the earnings rise.

One high-dividend growth investment worth considering is Magellan Midstream Partners, L.P. (NYSE:MMP) stock. Magellan transports, stores, and distributes refined petroleum products and crude oil, with assets across the U.S. and partnerships with many oil-drilling companies. There is no commodity price risk with this business model. MMP stock currently sports a dividend yield of 5.4%. This yield is above that of the benchmark index, the S&P 500, which is currently offering an average dividend yield of 1.9%. Magellan has raised its dividend for 30 straight quarters.

Source: Income Investors

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