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By How Much Will Genesis Energy Raise Its Distributions In 2017?

Many high-yield oil and gas Master Limited Partnerships had a difficult time sustaining their dividend payouts in 2016.

The collapse in oil and gas prices caused their cash flow to dry up, which left little cash available for dividends. With high levels of debt across the asset class, many MLPs cut or eliminated their payouts last year.

However, not only did Genesis Energy LP (NYSE:GEL) maintain its distribution-which currently yields more than 7%-it has raised its dividend for 46 consecutive quarters.

Genesis Energy is a rare MLP that qualifies as a Dividend Achiever, a group of 272 stocks with 10+ years of consecutive dividend increases.

You can see the full Dividend Achievers List here.

This article will discuss Genesis Energy's successful business model, and whether the company is likely to continue its dividend growth streak in 2017.

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