Put This Stock Paying 7.5% And Increasing Dividends Into Your Christmas Stocking This Year

Plains All American Pipelines LP (PAA) is a master limited partnership (MLP) that owns the largest independent network of crude oil a natural gas liquids (NGLs) pipelines and storage facilities.

Plains hit a rough patch following the energy sector crash in 2015 and the company cut its dividend twice in 2016 and 2017, respectively.

The business has been stabilized and now distributable cash flow is almost double the distribution rate. At the beginning of 2019 Plains increased its dividend by 25%. I am looking for a 10% to 20% increase again in 2020.

Now trading around $20, this could easily be a $25 stock by the middle of next year.

Plains GP Holdings (PAGP) shares are the IRS Form 1099 reporting equivalent of the PAA LP units. Pick either, depending on your tax situation.

Current yield is 7.5%.

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