5 Best MLP Dividend Stocks To Buy

In this article, we discuss 5 best MLP dividend stocks to buy. If you want to read our detailed analysis of the MLP dividend stocks and their performance over the years, go directly to read 11 Best MLP Dividend Stocks To Buy.

5. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Number of Hedge Fund Holders: 8

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a master limited partnership that is engaged in the production and marketing of coal. The company primarily operates in the coal industry, with a focus on thermal coal used for electricity generation. It holds a very strong dividend growth record, having raised its payouts multiple times over the years. The company offers a quarterly dividend of $0.70 per share and has a dividend yield of 12.64%, as of January 22. It is among the best MLP dividend stocks to buy.

At the end of the third quarter of 2023, 8 hedge funds tracked by Insider Monkey owned stakes in Alliance Resource Partners, L.P. (NASDAQ:ARLP), up from 7 in the previous quarter. The overall value of these stakes is more than $84.8 million.