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5 MLPs Piping Out Big Income

Want to stay out in front of interest rates? Consider these MLPs

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Sunoco Logistics Partners

Sunoco Logistics NYSE:SXLDividend Yield: 3.7%

While its former parent Sunoco no longer exists as a standalone company nor as a refiner, Sunoco Logistics Partners (SXL) continues to churn out steady and rising distributions for its shareholders.

Its key crude oil positions in places like Texas and Oklahoma as well as its refined products and NGLs lines in the Northeast, have helped SXL raise its distribution for 34 consecutive quarters. The latest was a 5% increase over the second quarter 2013 cash distribution to sit at 63 cents per share.

And like the other MLPs on this list, Sunoco isn’t resting on its laurels. The midstream firm has embarked on series of projects and moves designed to reduce the impact of declining profits due to its former parents exit from refining. That includes expansion plans in the Granite Wash, Permian Basin and new pipelines in the Eaglebine.

For investors, stable cash flows from those new midstream assets should help SXL continue with its pace of quarterly distribution increases.

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