An 8.6% Yield, With No K-1, Going Ex-Dividend This Week"

On 1/31/18, we added GasLog Partners LP, (GLOP), and GasLog Partners Cumulative Preferred Series B, (GLOP.PB), to the Hidden Dividend Stocks Plus portfolio.
They've both performed well since then, with total returns of 8.03% and 4.63% respectively, vs. 0.27% for the S&P 500:
Common Distributions:
Management raised GLOP's common payout for 6 straight quarters, including Q1 '18, but maintained it at $.53 for the Q2 payout. However, they reiterated their year-on-year distribution growth guidance of 5% to 7% for 2018, on the Q2 '18 earnings call.
"This guidance is supported by our recent rechartering of the GasLog Santiago and GasLog Sydney, our accretive acquisition of the GasLog Gibraltar and the GasLog Shanghai trading in a strengthen in spot markets while also reflecting our one additional scheduled dry-docking commencing in the fourth quarter."
GLOP has had 9% CAGR distribution growth since its 2014 IPO, with 4% growth so far in 2018:
(Source: GLOP site)
GLOP's common units go ex-dividend this week, on 8/2/18.Like many of the LPs we've covered, GLOP pays its common distributions in a Feb-May-Aug-Nov. cycle, and should go ex-dividend again in early August.
However, there's one major difference - it doesn't issue a K-1 at tax time - investors get a 1099.
Taxes - GLOP has elected to be treated as a C-Corporation for U.S. federal income tax purposes (investors receive a Form 1099 and not a Schedule... Read more