5 Best MLP Dividend Stocks to Buy

1. USA Compression Partners, LP (NYSE:USAC)

Dividend Yield as of October 17: 11.84%

USA Compression Partners, LP (NYSE:USAC) is a publicly-traded MLP that mainly provides natural gas compression services under term contracts. The company also manages its compression units and maintains related inventory.

In Q2 2022, USA Compression Partners, LP (NYSE:USAC) reported an operating cash flow of over $94.2 million, compared with $99.5 million during the same period last year. The company’s distributable cash flow came in strong at $55.6 million, up from $52.5 million in the prior-year quarter. Its total revenues of $171.5 million showed a 9.5% year-over-year growth.

USA Compression Partners, LP (NYSE:USAC) currently pays a quarterly dividend of $0.525 per share for a dividend yield of 11.84%, as recorded on October 17. In July, Mizuho initiated its coverage on the stock with a Neutral rating and an $18 price target, calling the firm one of the largest domestic providers of natural gas compression.

At the end of Q2 2022, PEAK6 Capital Management was the only shareholder of USA Compression Partners, LP (NYSE:USAC), owning stakes worth $427,000.

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