Is This High-Yield Dividend Stock a Buy?
Believe it or not, sourcing, manufacturing, and delivering wood pellets has turned into a huge business. As power companies in Northern Europe are forced to reduce greenhouse gas emissions and have sustainable inputs, they have been left with an odd puzzle: how to wean themselves off of coal while waiting for solar and wind options to become viable at a larger scale.
That's where Enviva Partners (NYSE: EVA) comes in. The company -- based in Maryland but with operations primarily in the American Southeast -- is the largest global provider of wood pellets for said power companies. As a limited partnership, the main draw of buying shares is the company's outsized dividend: currently at over 8% of this year's expected payout.
It begs the question: is this dividend too good to be true?
Source: Fool.com
