This Ultra-High-Yield Dividend Stock Remains on Shaky Ground
Summit Midstream Partners' (NYSE: SMLP) distribution currently yields an eye-popping 20%. That sky-high yield is a clear sign that investors don't believe the master limited partnership (MLP) can maintain its payout for much longer.
Unfortunately, the company's recent second-quarter results didn't instill much confidence that it's heading in the right direction. Because of that, the MLP might need to slash its payout again given the amount of money it will need over the next few years to fund past and future expansion initiatives.
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Source Fool.com
