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StockNews.com
Business
Pragya Pandey

Green Plains Partners: A High-Yield Biofuel Stock That Deserves a Place in Your Portfolio

Green Plains Partners LP (GPP) in Omaha, Neb., acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other associated assets and enterprises. It owns or rents 32 ethanol storage facilities and approximately 49 acres of land.

While GPP's four-year average dividend yield is 12.1%, its current dividend translates to a 12.3% yield. It paid a $0.44 per share quarterly dividend on February 10. The stock has gained 45.8% in price over the past year and 24% over the past nine months to close yesterday's trading session at $14.35.

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