This More Than 7%-Yielding Dividend Stock Is Making $670 Million of Acquisitions to Help Fuel a Monster Payment Boost for 2025
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Plains All American Pipeline (PAA) is making $670 million in acquisitions to boost its dividend payments by 2025. The MLP currently offers a distribution yield of over 7%, significantly higher than the S&P 500's average yield.
January 09, 2025 | 10:00 am
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Plains All American Pipeline is acquiring $670 million in assets to increase its dividend payments by 2025. The current yield is over 7%, attracting income-focused investors.
The acquisition indicates a strategic move to enhance future dividend payments, which is likely to attract more investors seeking high yields. This could positively impact PAA's stock price in the short term as investors anticipate higher future returns.
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