Sunoco Logistics: The Highest Yielding Dividend Achiever

To be considered a Dividend Achiever, a company must have 10+ years of consecutive dividend increases and meet certain size and liquidity requirements.
You can view the list of all 272 Dividend Achievers here.
This consistency in increasing dividends is indicative of a strong underlying business. Companies would not be capable of consistently raising distributions to shareholders if the underlying business was not performing well.
Right now, one Dividend Achiever has a yield that stands out above the rest. Best of all, the company is involved in a large accretive merger and is attractively valued.
That company is Sunoco Logistics Partners, LP (NYSE: SXL), an MLP with 14 years of consecutive dividend increases. This article will cover the investment prospects of Sunoco in detail.
Business Overview
Sunoco Logistics is a midstream energy MLP that is part of the Energy Transfer Equity LP (NYSE: ETE) family of oil and gas assets. ETE is an MLP with the following ownership:
100% of Energy Transfer LNG (which is expected to be a new stand-alone MLP) 2% Limited Partner, 100% General Partner with IDR in Sunoco LP (NYSE: SUN) 1% Limited Partner, 100% General Partner with IDR in Energy Transfer Partners LP (NYSE: ETP) 90% General Partner with IDR in Sunoco Logistics Partners Note: IDR is an acronym for International Depository Receipt and gives the general partner increasing shares of distributable... Read more