This High-Yield Partnership Could Offer Retirees Sustainable Income

Sustainable income isn't just about a high yield. It's about the ability to keep paying that high yield in good times and bad. Even better is the ability to grow the distribution over time, which is why retirees looking for sustainable income should do a deep dive on Buckeye Partners, L.P. (NYSE: BPL) today. The oil and gas midstream partnership's 9% yield looks a little risky, but history suggests that the risk will pass.

When investors look at midstream partnerships like Buckeye, the reference point is often industry giant Enterprise Product Partners L.P. (NYSE: EPD). That makes complete sense since Enterprise has an incredible streak of 20 consecutive years with annual distribution increases. Here's a fun fact, though, Buckeye's streak is 22 years.

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Source: Fool.com