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Suburban Propane Partners

dividend stocks to buyDividend Yield: 7.2%

As the name implies, Suburban Propane Partners, L.P. (SPH) sells propane via a home-delivery service. It also supplies heating oil, kerosene and natural gas to a variety of individual, industrial and utility customers.

Yes, it’s “old school” to say the least.

It’s also a fairly-reliable model, however, allowing Suburban Propane Partners to pass along dividends worth 7.2% of the stock’s current price.

The yield could about to ramp up, too. Last year, Suburban Propane Partners acquired a company called Inergy, which has already shown an increase in EBITDA. More synergies are likely to be on the way as the integration continues to be hammered out through the end of 2013 and into 2014.

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