Master Limited Partnerships, commonly known as MLPs, are limited partnerships that trade on securities markets like normal stocks. MLPs are not subject to income tax, and shareholders in MLPs are actually “limited partners” in company.
Their special tax designation allows MLPs to pass the tax burden onto their shareholders, but they are required to pay the vast majority of their earnings out to their partners, similar to REITs. Because of interesting tax quirks in the MLP structure, read Master Limited Partnerships (MLPs), Taxes & Your IRA to understand why IRAs may not be the best place to hold your MLPs.
If you’re looking to invest in dividend-paying master limited partnerships, you may also be interested in dividend-paying MLP exchange-traded funds (ETFs). These funds offer a diversified dividend payment based on a basket of master limited partnerships holdings. ETFs are similar to equities, in that they are investment structures that are traded on stock exchanges. They are also similar to mutual funds in that they hold securities of many companies.
3 Reasons to Invest in dividend-paying MLP ETFs:
Whereas, if you’re interested in investing in individual MLP stocks, the table below lists them all:
|Stock Symbol||Company Name||DARS™ Rating||Dividend Yield||Current Price||Annual Dividend||Ex-Div Date||Pay Date|
|AB||AllianceBernstein Holding L.P.||11.31%||$23.70||$2.68||02/22/17||03/09/17|
|AHGP||Alliance Holdings Group||7.48%||$29.43||$2.20||02/08/17||02/17/17|
|APU||AmeriGas Partners L.P.||7.98%||$47.14||$3.76||02/08/17||02/17/17|
|ARH-C||Arch Capital Group Ltd. 6.75% PFD sh S C||6.65%||$25.39||$1.69||12/13/16||12/31/16|
|ARLP||Alliance Resource Partners L.P.||7.45%||$23.50||$1.75||02/03/17||02/14/17|
|ATAX||America First Tax Exempt Investors L P Units Ben Int||8.70%||$5.75||$0.50||12/28/16||01/30/17|
|AXS-C||Axis Capital Holdings Limited Preferred Series C||6.77%||$25.39||$1.72||03/29/17||04/17/17|
|BIP||Brookfield Infrastructure Partners L.P.||4.77%||$36.48||$1.74||02/24/17||03/31/17|
|BPL||Buckeye Partners L.P.||7.20%||$68.74||$4.95||02/16/17||02/28/17|
|BWP||Boardwalk Pipeline Partners L.P.||2.21%||$18.14||$0.40||02/14/17||02/23/17|
|BX||Blackstone Group L.P.||6.36%||$29.54||$1.88||02/02/17||02/13/17|
|CBA||ClearBridge American Energy MLP||8.03%||$9.96||$0.80||02/15/17||02/24/17|
|CELP||Cypress Energy Partners LP||12.51%||$12.99||$1.63||02/02/17||02/13/17|
|CEQP||Crestwood Equity Partners LP||9.14%||$26.25||$2.40||02/03/17||02/14/17|
|CNNX||CONE Midstream Partners LP||5.11%||$21.33||$1.09||02/02/17||02/14/17|
|CPLP||Capital Product Partners L.P.||9.61%||$3.33||$0.32||02/02/17||02/15/17|
|CQP||Cheniere Energy Partners L.P.||5.25%||$32.36||$1.70||01/31/17||02/13/17|
|CVRR||CVR Refining, LP||0.00%||$11.05||$0.00||11/05/15||11/16/15|
|DKL||Delek Logistics Partners LP||8.90%||$30.55||$2.72||02/03/17||02/14/17|
|DMLP||Dorchester Minerals, L.P.||5.75%||$16.80||$0.97||01/26/17||02/10/17|
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* Stock Price shown is previous day’s closing price.
** Dividend yield is calculated from Dividend Payout and previous day’s closing price.