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You Still Need Gasoline, So I Get Yields Of 13.5%: Global Partners LP

Published Fri, 09 Oct 2020 08:35:00 -0400 on Seeking Alpha

Seeking AlphaDividend IdeasYou Still Need Gasoline, So I Get Yields Of 13.5%: Global Partners LPOct. 9, 2020 8:35 AM ET|| About: Global Partners LP (GLP), GLP.PA, Includes: BP, DIA, ET, QQQ, RDS-A, RDS-B, RYDAF, RYDBF, SPY, SUN, VLOby: Rida MorwaRida Morwa High Dividend OpportunitiesThe #1 Service for Income Investors and Retirees, 9-10% dividend yield.SummaryFuel demand has rapidly returned to normal levels.
GLP is in a position to keep restoring the distribution to prior levels.
Energy Transfer's issues are beneficial to GLP.
GLP has swiftly tackled upcoming debt.
Co-produced with Treading Softly
Here at High Dividend Opportunities, boring is very exciting. What do we mean by that? I do love the latest cell phone as much as the next person, but when it comes to getting fresh dividends quarterly, boring is best.
Nothing is more commonplace or mundane as pumping gas into your vehicle. You don't jump for joy when your gas gauge gets low because pumping gas is the best part of your day. Yet, if you live in the Northeastern United States, when you pump gas, I do get excited. You're paying me money so you can get to work.
Thank you for that. I really appreciate it.
Some of you are probably wondering how I'm profiting off of your daily commute. It's simple. I own a stake in the gas station and the convenience store attached to it. If I don't own that specific station, I likely own a piece of the fuel delivery contract for your station.
To do this, I own common and preferred units of Global Partners LP (GLP) which yields 13.5%.
Tax note: GLP issues a K-1 at tax time.
Three Divisions of Global Partners LP.
GLP operates in three separate divisions that largely co-exist in the handling of oil and fuel.

Source: GLP August Earning Slides
All three divisions are engaged in midstream to downstream activities. Largely the Wholesale and Commercial divisions remain largely in the midstream segment. Meanwhile gasoline distribution... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SUNOCO LP 31.35   20.8 1.51 3.30 10.51
BP 37.67   14.3 2.64 2.44 6.45
ROYAL DUTCH SHELL A 68.62   27.1 2.59 3.76 5.35
ROYAL DUTCH SHELL B 70.13   0.0 0.00 3.76 5.23
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82
POWERSHARES QQQ TRUST SERIES 1 193.23   0.0 0.00 1.49 0.78


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