One of the more interesting MLPs I follow would have to be Global Partners LP (NYSE:GLP). Unlike most midstream companies, Global Partners does not own physical pipelines. Instead the company engages in the wholesale and distribution market for petroleum products. Global Partners has had an excellent 2013, with a YTD gain of over 40%. Global Partners has also rewarded its unitholders with a 16% increase in its distribution so far this year. Global Partners currently offers a $0.5825 per unit distribution and yields about 6.50%.
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Global Partners is divided into three separate business segments: wholesale, commercial, and gasoline distribution. Global Partners has diversified heavily into the retail gasoline business, with the purchase of 190 gas...
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