Collect Growing Dividends From This 10.9% Yielder

In this day and age, a dividend yield north of 10% may seem too good to be true. What’s even more surprising, though, is that this double-digit yielder also delivers consistent payout increases. A High-Yield Stock You Likely Haven’t Considered...

I’m talking about Delek Logistics Partners LP (NYSE:DKL), a master limited partnership (MLP) headquartered in Brentwood, Tennessee. The partnership came into existence in 2012. It was created by Delek US Holdings Inc (NYSE:DK) to own, operate, construct, and acquire crude oil and refined products, logistics, and marketing assets. Because Delek Logistics Partners does not serve consumers directly, most people have never heard of it. However, DKL stock deserves income investors’ attention for a very simple reason—the sheer size of its payout.

Source: Income Investors

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