This 8.5% Yield Keeps on Increasing

Like many of our decisions, finding the right income investment involves choosing between the present and the future. The trade-off is quite obvious: you can go with companies that pay a lot of dividends right now, or companies that can grow their payout in the future but don’t offer much in terms of current yield.

But what if you want to have both? Well, there just might be a perfect solution: Holly Energy Partners, L.P. (NYSE:HEP) stock. Most people have never heard of its name, but Holly Energy Partners has been raising its payout for quite some time. The best part is, because HEP stock does not really make headlines that often, its unit price did not shoot through the roof like many of the well-known dividend growth stocks. As a result, it offers a high current yield that has plenty of room to grow.

Source: Income Investors

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