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5 Electric Sources of Energy Income

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Calumet Specialty Products Partners, LP

Calumet185 5 Electric Sources of Energy IncomeDividend Yield: 8.2%

Unlike other refiners, Calumet Specialty Products Partners, LP (CLMT) doesn’t just make gasoline; it produces products such as naphthenic and paraffinic oils, petroleum waxes, petrolatum and hydrocarbon gels. Basically, all the base ingredients used in a variety of industrial applications as well consumer products like Turtle Wax and Goo Gone. That focus puts it into a unique position versus many of its peers.

That unique position also makes CLMT a great dividend play.

Like many other refiners, CLMT’s nine facilities are positioned to take full advantage of Bakken and WTI fuel prices. Meanwhile, Calumet has continuously raised its distribution, including for the recent quarter as well. Management at the MLP recently announced a slight 0.7% increase to its quarterly payout. That bumps the yield to a juicy 8.2%.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/5-big-energy-dividend-stocks-to-buy/.

©2014 InvestorPlace Media, LLC

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