Get to Know This High-Yield MLP – Buckeye Partners, L.P. (BPL): Plains All American Pipeline, L.P. (PAA), Energy Transfer Partners LP (ETP)

Buckeye Partners, L.P.: a bright present, a brighter tomorrow

Going forward, Buckeye Partners, L.P. (NYSE:BPL)’s management has confidence in the company’s direction. Future growth will be fueled by Buckeye’s flagship marine terminal in the Bahamas. This facility, known as BORCO, is one of the largest crude oil and petroleum products storage facilities in the world that serves the international markets. During the fourth quarter of 2012, Buckeye expanded its BORCO operation by placing into service 775,000 barrels of refined product storage capacity, with another 1.6 million barrels of fully leased capacity to be placed into service in the first quarter of 2013, increasing BORCO’s storage capacity to 25 million barrels.

Perhaps my favorite aspect of Buckeye is its extremely attractive dividend, which currently stands at more than 7% annually. Buckeye has paid cash distributions in each quarter since its formation in 1986. In fact, investors could have secured Buckeye’s distribution at an even better level just a couple of months ago, when the company’s units traded for a much lower price. But as the saying goes, a good deal doesn’t last long, and Buckeye Partners, L.P. (NYSE:BPL)’s shares are on the rise. It’s not too late to snag this solidly operated, high-yielding Master Limited Partnership to provide your portfolio with a hefty dividend.

The article Get to Know This High-Yield MLP originally appeared on Fool.com and is written by Robert Ciura.

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