MLPs include pipeline companies that transport crude oil and natural gas. The yield is very stable and the sector historically generates 6% to 7% cash flow yields, while the MLP business has grown tenfold over the past ten years, he added.
The firm also offers ALPS Sector Dividend Dogs ETF (NYSEArca: SDOG) for yield-hungry investors.
Watch the video for the full interview.
Full disclosure: Tom Lydon’s clients own AMLP.