The year-to-date rise of Phillips 66 Partners (NYSE: PSXP ) and Valero Energy Partners (NYSE: VLP ) has been impressive to say the least. While the S&P Index is up less than 7%, and the Alerian Index is up less than 13%, the aforementioned master limited partnerships have climbed 106% and 54%, respectively.
Is all that glitters gold? Maybe not. For one thing, these MLPs both hit the market with very low yields, and despite a hefty distribution increase at Phillips 66 Partners, the unit price appreciation has driven its yield to a level that is not at all common for MLPs. Given the respective corporate sponsorship of Phillips 66 (NYSE: PSX ) and Valero (NYSE: VLO ) , could a compelling growth story entice investors anyway? The slideshow below pits these two MLPs head-to-head to find out.
Top dividend stocks for the next decade
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