Guess which sector is in the doghouse? One of our favorites - Basic Materials, a sector which provides many of the high-dividend stocks we cover in our articles. It has been lagging lately, but had a nice rise on Friday, along with crude oil gaining and the US dollar falling. This stock yields 9.9%, with strong distribution coverage of 1.22x. It's now 11% below analysts' consensus price target, but management sees strong growth coming in the second half of 2017, which should lift its price. Its payouts are supported by long-term, fee-based contracts ranging up to 11.6 years. There's also an alternative short-term trade included in this article, yielding over 15% annualized.
We initiated coverage on Summit Midstream Partners LP (NYSE:SMLP) in mid-April. Since then, it has struggled a bit, falling around 3%, and it continues to lag the market, although it has outperformed the Alerian MLP ETF (NYSEARCA:AMLP). SMLP's underperformance has left it at 11% below analysts' average price target of $26.08. Formed in 2012, SMLP provides natural gas, crude oil and produced water-gathering services, primarily via long-term, fee-based contracts with its customers.
Source: Seeking Alpha
Related Articles:
- Hey, You Invest Like a Girl!
- Are Storm Clouds Gathering For These 4 High-Yielding Securities?
- Weekly Links: May 13, 2017
- 5 Dividend Stocks With A Low P/B Ratio
- Harvest the Fruit
A 10% Yield, Strong Coverage, With An Industry Turnaround Just Starting
Posted by D4L | Thursday, July 13, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.