Buckeye Partners, L.P. (NYSE:BPL)
The Company is engaged in the transportation, terminalling and storage of refined petroleum products for major integrated oil companies, large refined products marketing companies and major end users of petroleum products on a fee basis.
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Recs
The MLP growth model is based on increasing distributions to their unit holders. All pretty safe plays in the current market environment
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Good dividend
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A stable company with moderate growth.
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With the tarrifs earned while piping fuel around 5,000 miles between pumping stations, it only helps to turn on investments in Lodi, Calif. The % rates of increase on dividends have decreased somewhat over the last three years, but the dividends are up none the less. Look for higher dividends in the near future.
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divy has consistently been
raised and most likely it will be raised at different times again in the near future.
the S&P is due for a down-turn and therefor BPL will
mostlikely outperform.
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Price target set at $48
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price keeps going up as well as the dividend
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This stock is included in the Morningstar "Dividend Portfolio," which I use as my core stock group. I highly suggest anyone interested in dividend income take a look at this grouping of quality stocks.
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stable income LP with some capital appreciation suitable for retirement accounts only because of multible tax filings
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