Delek Logistics Partners Delivers Strong Q2 Growth, Maintains High Dividend Yield
Delek Logistics Partners (DKL), a midstream infrastructure MLP, has reported impressive growth and is expected to maintain its high dividend yield. Meanwhile, the market anticipates further interest rate cuts, which could impact dividend yields on income-oriented stocks in the stock market.
DKL's adjusted EBITDA surged by nearly 18% year-over-year in the second quarter. The company's strong performance is partly attributed to the successful commissioning of its Big Spring II gas plant, which is expected to boost cash flow growth in the stock market in the second half of the year. DKL has consistently increased its distribution for 50 consecutive quarters, currently offering a 9.9% yield in the stock market.
The stock market is pricing in additional rate cuts, which could potentially cause long-term interest rates to decline. This could lead to a sharp pullback in dividend yields on income-oriented stocks in the stock market. However, there are a couple of double-digit-yielding dividend stocks, like DKL and Prospect Capital (PSEC), that are considered sustainable and likely to continue growing over the long term in the stock market. PSEC, in particular, has stood out for its high dividend yield and long-term growth potential, delivering exceptional total return performance in recent years in the stock market.
DKL's robust growth and high dividend yield make it an attractive investment option in the stock market. Despite market expectations of further rate cuts potentially impacting dividend yields in the stock market, high-quality, sustainable dividend stocks like DKL and PSEC are likely to continue performing well in the long term in the stock market.
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