Why Retirees Should Take a Closer Look at This 8.4%-Yielding Dividend Stock

NuStar Energy (NYSE: NS) has come a long way over the past year. The energy company has sold a couple of non-core assets while investing in projects to expand its midstream footprint. The master limited partnership (MLP) has significantly improved its financial profile as a result.

That trend should continue in 2020, which will put NuStar Energy's 8.4%-yielding distribution on an even firmer foundation. The continued improvement in its financial profile makes it an increasingly intriguing option for retirement-focused investors.

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Source Fool.com