3 High Yield Dividend Stocks That Are GROWING Dividends!

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The analysis focuses on dividend income ETFs and MLPs, highlighting their performance and financial metrics. PFFA, an actively managed preferred stock ETF, has shown strong outperformance against PFF, its passive counterpart, over the past year and three years. This is attributed to active management's ability to navigate risks inherent in preferred stocks, such as callability. The analysis also delves into the performance of several MLPs (ET, EPD, WES, MPLX), noting their high indicated yields and leverage ratios. Energy Transfer LP (ET) is highlighted for its strong historical dividend growth and favorable valuation metrics (EV/EBITDA), suggesting potential upside. The analysis also points to DIVO, an Amplify CWP Enhanced Dividend Income ETF, as a sustainable income strategy due to its structure involving dividend paying stocks and covered call writing, which aims to boost returns and manage volatility, outperforming the S&P 500 over the past five years. The data indicates that most covered call ETFs utilize a high percentage of portfolio options coverage, effectively capping upside potential. However, the underlying strengths of these dividend-focused strategies are their ability to generate consistent income, with some showing significant growth in distributable cash flow per share and dividend payouts.

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