A 10% Yield With Industry Tailwinds, No K-1

If you're looking for a high-yield way to tap into the ongoing wave of LNG growth, you may want to climb aboard. this company yields 10.07% with strong distribution coverage of 1.22X. Since it's a C-Corp, it issues a 1099 at tax time - no K-1. There's also a preferred series yielding 8.61%. It has tailwinds from ongoing LNG growth.

Hoegh LNG Partners LP, (HMLP) is the only publicly traded pure play on FSRUs. FSRU stands for "Floating Storage & Regasification Unit," and it's a rapidly-growing presence in the LNG shipping industry. HMLP's parent/sponsor, Höegh LNG Holdings Ltd., is the largest provider of FSRUs in the market. FSRU leasing/chartering solves many problems for charterer companies and countries with no local supply of natural gas.

Source: Seeking Alpha

Related Articles:
- 4 High-Yielding Utilities With A Growing Dividends
- 10 Dividend Stocks With A 10%+ Dividend Growth Rate
- 3 Styles Of Successful Dividend Investing
- Building Yield: 6 Consumer Goods Dividend Stocks
- Why Dividend Growth Stocks Are Evil