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...
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