Finally, a 13.1% Yield That’s Actually Worth Considering

If you are a longtime yield seeker, you’ve probably noticed one thing: most of the double-digit yielders also happen to be beaten-down stocks. The blunt reality is that if a company is solid and offers a dividend yield north of 10%, investors would jump on the opportunity. Before you know it, they would have bid up the company’s stock price and lowered its yield. In other words, if a stock’s yield stays at an ultra-high level, chances are it’s not perfect. But that doesn’t mean I’m ignoring the beaten-down tickers completely. Every once in a while, you just might come across an ultra-high-yielding stock that can actually afford its payout.

Golar LNG Partners LP (NASDAQ:GMLP) is a good example of this. Headquartered in Hamilton, Bermuda, Golar LNG Partners is a master limited partnership (MLP) that owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers. Because the partnership doesn’t serve consumers directly, most people have never heard of it. But if you are on the hunt for yield, few stocks can do a better job than GMLP. You see, the partnership currently pays quarterly distributions of $0.4042 per unit, which comes out to a staggering annual yield of 13.2%.

Source: Income Investors

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