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High-Yield Powerhouse: Why This Energy MLP is a Must-Have in Your Dividend Portfolio

Elevate your investment game with the latest reaffirmation of a high-performing staple in our Best High Dividend Stocks model portfolio. This standout player from the Energy MLP industry, boasting an impressive 6.05% return since its addition on March 17, 2022, has outperformed our benchmark, the iShares Core High Dividend ETF (HDV), by a striking 12.16%.

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The stock offers an attractive 7.61% forward dividend yield, ranking in the top 20% of dividend stocks, significantly outpacing the benchmark yield of 3.88%. But yield isn’t its only strength – this stock has a 26-year track record of consistent dividend increases, placing it in the top 10% of dividend stocks. It’s truly a heavyweight in high yield investing.

This year, it has returned 7%, outperforming the 1% return for the Energy MLP industry. Moreover, investors can anticipate an upcoming payout of $0.490/shr, which went ex-div on April 27, with a pay date of May 12. This reaffirmation is anchored on our robust recommendation process, optimizing for Yield Attractiveness and Dividend Safety, while also considering Returns Potential and Risk.

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Dive deeper into our in-depth stock analysis to uncover why this powerhouse continues to hold a prime spot in our portfolio. Unearth the secret behind its persistent performance and how it can boost your dividend income.

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