This 9.3%-Yielding Dividend Just Got Much Stronger
Crestwood Equity Partners (NYSE: CEQP) pays an eye-popping dividend that currently yields 9.3%. Usually, a dividend yield that high is a sign of trouble. However, that's not the case with Crestwood's payout, as the master limited partnership (MLP) backs it with solid financial metrics.
It's on an even more sustainable foundation following a string of transactions the company recently completed with a former strategic investor. Add that to the better-than-expected market conditions the company has experienced so far this year, and Crestwood's big-time dividend looks like an even more attractive option for income-seeking investors.
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Source Fool.com
