Hoegh LNG Partners LP: 11% Yield, 1.2X Coverage, No K-1

Apr. 17, 2021 9:15 AM ETHöegh LNG Partners LP (HMLP), HMLPF100 Comments


  • HMLP common yields 11.5% - 2020 distribution coverage was 1.22X.
  • There's also an 8% yielding preferred unit.
  • HMLP issues a 1099 at tax time - no K-1.
  • I do much more than just articles at Hidden Dividend Stocks Plus: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Oil Storage tank in the port in Tsing Yi, Hong Kong
Photo by CHUNYIP WONG/E+ via Getty Images

Hoegh LNG Partners (NYSE:HMLP) offers investors high-yield exposure to the LNG shipping industry. HMLP's profile is a bit different than its competitors, though, as it's a pure play on FSRUs.

FSRU stands for "Floating

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