Terra Nitrogen Company, L.P. (TNH), StoneMor Partners L.P. (STON): These Under the Radar MLPs May Be Hidden Gems

Carl Icahn himself owns roughly 99 million of the nearly 110 million outstanding units, and Icahn Enterprises LP (NASDAQ:IEP) recently gave its unit holders a 20% distribution increase on top of its already-generous yield.

Icahn Enterprises LP (NASDAQ:IEP) now pays $5 per unit, amounting to a nearly 7% yield at recent prices.

The Foolish bottom line

The hunt for yield is a difficult pursuit these days as markets keep rallying and, at least for now, the Federal Reserve continues to aggressively keep interest rates low in an attempt to juice the economy.

As a result of extremely low interest rates, certain groups of investors, particularly those in or nearing retirement, are struggling to produce income to keep up with the perpetually-rising cost of living. These MLPs are highly profitable, well-run businesses, that can produce high income to help pay for life’s expenses.

Robert Ciura has no position in any stocks mentioned. The Motley Fool recommends StoneMor Partners. The Motley Fool owns shares of StoneMor Partners. Robert is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article These Under the Radar MLPs May Be Hidden Gems originally appeared on Fool.com is written by Robert Ciura.

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