High Yield Stock: Holly Energy Partners L.P. Increases Quarterly Distribution - Yield Over Seven Percent

Holly Energy Partners L.P. (HEP), a natural gas and oil transportation, storage, terminalling, and marketing company, raised its quarterly distribution from $0.795 per unit to $0.805 per unit. The new distribution is payable February 10, 2010 to unitholders of record as of February 5, 2010.

With this distribution HEP has increased its quarterly distribution 21 consecutive quarters since going public in 2004. HEP's quarterly distribution has increased 85.06 percent since the first distribution in November 2004.

Its current dividend yield is 7.80 percent.

To get more performance information about HEP, use the buyupside.com Stock Return Calculator.

See Great Dividend Stocks (A-Z) for more dividend-paying stocks.

See Pipeline Master Limited Partnerships Pay Hefty Cash Distributions for more pipeline stocks.

I (RAH) do not own HEP.

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Posted January 31, 2010.