By Kristin Orman Oil stocks got a lot of attention earlier this week after a drone seemed to attack a Saudi Arabian oil field. Crude prices briefly spiked on the news.
So this week, we’ll evaluate the dividend safety of Global Partners LP (NYSE: GLP).
Global Partners is a master limited partnership (MLP) with a 10.5% yield.
This MLP is one of the Northeast’s largest independent owners, suppliers and operators of gas stations and convenience stores.
The price of oil has been trending up since it bottomed in 2016. Global Partners’ cash available for distribution (CAD), a measure of cash flow for MLPs, has also been rising.
CAD …read more
