Holly Energy Partners, L.P. (NYSE:HEP) is a master limited partnership ("MLP") that has a long-term strategic relationship with refiner Holly Frontier Corp. (NYSE:HFC). HEP is contractually bound to Holly Frontier's growth initiatives and has benefited from Holly Frontier's past refinery expansion initiatives. Last week Holly Energy Partners announced it was raising the quarterly distribution to $0.515/unit for Q2 2014. That was the 39th consecutive quarterly distribution increase, up from $0.5075/unit in Q1, and a 6.2% increase yoy. HEP has increased the dividend every quarter since going public in July of 2004. The partnership currently yields 6%. With an asset base held in attractive high-growth markets, low-risk long-term contracts, and a strategic link to Holly Frontier's...
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