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If looking for high yield and a low PE, you could consider WPZ or APU. Both pay a higher dividend and have a great history of raising their dividends. I own both; WPZ less than a month and APU about 18 months. Planning long on both.
Could also look at FGP. Many do not like it for the high PE and various other reasons. I've held it for over 10 years...the dividends have more than covered my initial purchase price
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