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This 7.8%-Yielding Dividend Stock Thinks It's Dirt-Cheap (and It's Doing Something About It)

This 7.8%-Yielding Dividend Stock Thinks It's Dirt-Cheap (and It's Doing Something About It)

Last year was a brutal one for the oil industry. The COVID-19 outbreak torpedoed oil demand, forcing producers to reduce their output. That impacted the flow of oil going through pipeline systems, weighing on the cash flow of MLP Plains All American Pipeline (NYSE: PAA), as evidenced by its recent fourth-quarter earnings report.