This Phenomenal 7.4%-Yielding Dividend Stock Starts 2024 Off by Giving Investors Another Raise
The Motley Fool
JANUARY 9, 2024
The MLP has an elite credit rating (its A-/A3 bond rating is the highest in the midstream sector) thanks to its low leverage ratio. The company's leverage was 3.0 For example, in 2022, the company bought Navitas Midstream Partners for $3.2 times at the end of the third quarter, putting it in the middle of its 2.75-3.25
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