MLP = Many Lofty Payouts
A search for yield turned up several 5-star rated master limited partnerships.
I've been dragging my feet on finishing this article since MLPs were the most common finds in a yield search back in Nov. The five MLPs profiled all have excellent distribution payout records, over the past five years (4.5 for El Paso since it hasn't been around for five years yet) none of them have recorded a payout drop. And two, Enterprise Products (EPD) and El Paso Pipeline (EPB) have raised the distribution every single quarter over that stretch.
Of the 45 partnerships listed in TMFs MLP tag; only 7 carry less than a four star CAPS rating.
It looks like the cliff deal opened the valves on MLP unit prices today. Of the five I profiled, the worst performance for the day was Williams (WPZ) up only 2.06%. The winner of the group was Kinder Morgan Partners (KMP), up a whopping 4.75% today.
It can take some searching to find investments with good yields and the world of MLPs is a good place to search.
Disclosure: No position in any partnership mentioned. I do have an MLP postion in Magellan Midstream, but it carries a 4-star rating so didn't make the cut for the article.
However, Magellan did make the cut for fellow Foolish writer Aimee Duffy's 5 Best Midstream Stocks of 2012.
As always, comments or questions welcome here or at the article.
Happy New Year!