Tim Plaehn
Newsletter provider, dividend investing, master limited partnerships, REITs

Phillips 66 Partners Offers Ground Floor Opportunity For MLP Dividend Growth

As I research some of the fast dividend growth MLP stocks, I am often struck by how quickly these companies grew during their first few years of existence, before the readily available growth opportunities had been exploited and continued growth gets tougher. The IPO of Phillips 66 Partners (NYSE:PSXP) presents what I believe is one of these opportunities to get in early and ride some attractive dividend and unit price gains over the next few years.

Note: MLP companies such as Natural Resources Partners LP have units and pay distributions. The words stock, shares and dividends may be used here with the understanding that the rules of MLP units apply including the tax consequences of investing in MLP...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details