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No. of Recommendations: 2
Proving that money does grow on trees
Enviva Partners (NYSE: EVA) is the world's largest supplier of utility-grade wood pellets, which it sells under long-term contracts to utilities in Europe that burn them in place of coal. Those agreements supply Enviva with steady cash flow, which allows it to pay an attractive 8.2% distribution to investors. Meanwhile, it has ample growth potential as it builds and buys additional wood pellet production capacity. In fact, the company's parent already has one new plant under construction that should start producing in 2019, which it could drop down to Enviva, as well as others under evaluation. Those future deals should provide the company with the fuel to continue increasing shareholder distributions.


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EVA has raised their distribution every quarter since they went public a few years ago.

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