Adam Galas
Dividend investing, dividend growth investing, long only, value

Calumet Specialty Products Partners: One Of The Best Refiner MLPs; Even If The Distribution Gets Cut

While researching a high-yield income portfolio to compete against a high dividend-growth portfolio as part of an experiment (see both portfolios here and here), I came across one of my favorite high-yielding MLPs. Calumet Specialty Products Partners (NASDAQ:CLMT) has one of the best management teams in the industry, one that has grown the company through well-executed acquisitions and shown itself to be dedicated to growing unit holder distributions since its IPO in 2006.

CLMT Dividend data by YCharts

Since going public 7 years ago, CLMT has been a high-yield income investor darling, combining a consistently high yield with reliable and strong distribution growth. The decrease in 2008 was due to the financial crisis, and in the 6

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