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5 Soaring Stocks With Yields Over 5%

These big gainers also offer some juicy payouts

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Summit Midstream Partners, LP

SMLP 5 Soaring Stocks With Yields Over 5%Year-to-Date Gain: 73%
Dividend Yield: 5.1%

You had to know that a limited partnership would make its way into this list.

The one that’s put on the biggest show so far in 2013 is Summit Midstream Partners LP (SMLP), a natural gas MLP that hit the markets in late 2012. Year-to-date, the company has posted a 73% climb — that’s nearly four times the broader market.

One obvious reason to like Summit: The natural gas market has a promising future as an alternative to coal. SMLP recently made two acquisitions in the Bakken and Marcellus shales — both promising regions in the natural gas landscape.

And the kicker is that — as a midstream firm — SMLP doesn’t have to worry about the nitty gritty of extraction, the economics of selling to people, or even natural gas prices. Instead, it’s really just a glorified toll taker; it provides natural gas gathering and compression services, charges some money, then passes along most of that money to unitholders.

While there’s not a long payout history to look at here, natural gas’ promising prospects mean there’s a good chance its distributions — currently at 43.5 cents quarterly — will keep marching upward.


Article printed from InvestorPlace Media, http://investorplace.com/2013/08/5-soaring-dividend-stocks-yield-smlp-ntri-ga-rrd-bgcp/.

©2014 InvestorPlace Media, LLC

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