5 Blue Chip Dividend Stocks with Over 5% Yield

2. Holly Energy Partners, L.P. (NYSE:HEP)

Dividend Yield as of July 16: 8.53%

Holly Energy Partners, L.P. (NYSE:HEP) is an American limited partnership that provides petroleum products and crude oil transportation and storage services to the petroleum industry.

Holly Energy Partners, L.P. (NYSE:HEP) ended Q1 with over $15 million available in cash and cash equivalents, up from $14.3 million available in the previous quarter. The company’s distributable cash flow stood at $64.5 million, declining 12% from the same period last year. However, its operating cash flow for the quarter came in at $86.7 million, up from $82.5 million in the prior-year quarter. Holly Energy Partners, L.P. (NYSE:HEP) slashed its dividend by 48% in 2020 due to the pandemic but paid regular dividends to shareholders throughout this period. It currently offers a quarterly payout of $0.35 per share, with a yield of 8.53%, as of July 16.

As per Insider Monkey’s first quarter 2022 database, 3 hedge funds held positions in Holly Energy Partners, L.P. (NYSE:HEP), up from 2 in the previous quarter. These hedge funds hold combined stakes worth $1.3 million. Ken Griffin’s Citadel Investment was the company’s leading stakeholder in Q1.