Global Partners: The 8.7% Yielding Stock, 7.0% Senior Notes Great For Income

Stephen Nemo
1.81K Followers

Summary

  • Global Partners LP has seen positive growth through acquisitions and sale-leaseback transactions, expanding its portfolio of fueling stations and convenience stores.
  • The company has managed to recycle capital, reducing the need for new debt and maintaining a stable balance sheet.
  • Both the 8.7% dividend and 7.0% senior notes have adequate earnings coverage, making Global Partners an attractive income investment for those seeking steady cash flow.

Car Refueling at Gas Station during the Night

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Global Partners LP (NYSE:GLP) is a master limited partnership ("MLP") that participated in the oil & refined products storage, transport, and retailing business. It owns oil & refined products transport terminals, as well as runs a portfolio of over 1,700 fueling station & convenience store sites, largely in the

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1.81K Followers
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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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