5 Best MLP Dividend Stocks To Buy

In this article, we discuss 5 best MLP dividend stocks to buy. If you want to see our discussion on MLP income investing, go directly to 10 Best MLP Dividend Stocks To Buy. 

5. Blueknight Energy Partners, L.P. (NASDAQ:BKEP)

Number of Hedge Fund Holders: 4

Dividend Yield as of March 15: 5.18%

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) is a master limited partnership that offers integrated terminalling services for companies dealing in the production and supply of liquid asphalt in the United States. The stock yields 5.18% as of March 15. 

On January 25, Blueknight Energy Partners, L.P. (NASDAQ:BKEP) declared a $0.0425 per share quarterly dividend, a 6.3% increase from its prior dividend of $0.04. The dividend was paid on February 14, to shareholders of record as of February 7.

As per the 2022 guidance, published on March 8,  Blueknight Energy Partners, L.P. (NASDAQ:BKEP) expects adjusted EBITDA to be almost 2% higher on a year-over-year basis. This will not include any input from the company’s recently undertaken growth projects. The revenue of $30.24 million in Q4 2021 also gained 1.4% as compared to the prior-year quarter.

According to the fourth quarter database of Insider Monkey, 4 hedge funds were bullish on Blueknight Energy Partners, L.P. (NASDAQ:BKEP), compared to 5 funds in the prior quarter. The total stakes held in Blueknight Energy Partners, L.P. (NASDAQ:BKEP) were $17.5 million in Q4. DG Capital Management is the leading shareholder of the company, with roughly 4 million shares worth $13 million.