This week's focus stock, GasLog Partners LP (NYSE:GLOP), IPO'd in May 2014 and got caught up in the crude oil crash. Its performance has been pretty dismal, but it did get a lift in this week's energy stocks rebound. GasLog Partners LP, GLOP, is a growth-oriented limited partnership formed to own, operate and acquire liquefied natural gas - LNG carriers engaged in LNG transportation under long-term charters, which it defines as charters of five full years or more.
As an income investor, this business model is very appealing - long-term contracts, (average 4.2 years plus extension options), on fixed fees, with 100% utilization, and no commodity exposure. Strong future growth for LNG = demand for LNG vessels: The first US LNG terminal should start producing in late 2015, with these other projects following it over the next few years expected to produce a total of 83 mtpa. Notice how most of these projects are already fully contracted. This stock has a well-covered 9%-plus distribution and its forward yield is over 10%. Management confirmed it will raise the next distribution by 10% and confirmed a future distribution compound annual growth rate of 10%-15% for several years.
Source: Seeking Alpha
Related Articles:
- A Winning Investment Strategy
- 7 Dividend Stocks With A 20% Yield In 20 Years
- 5 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 3%
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There’s nothing more satisfying that getting money for doing nothing. That’s why dividend stocks hold so much appeal for portfolios. Many of...
-
We've broadened our search to the S&P 500, and also found two high-dividend stocks among the dividend yield leaders of that larger i...
-
Dividend stocks can be a great source of passive income. Not only do they deliver cash into your brokerage account on a recurring basis, but...
-
I believe in dividend growth investing and consider holding strong companies will help me going through any stock market storm. I believe di...
-
Generally speaking, the higher the yield, the higher the risk involved. Since yield is a function of share price, a failing business model w...
-
With bond rates already low and the Fed hinting at rate decreases, dividend stocks are in high demand these days, as alternatives in the fix...
-
If you are retired, you have likely shifted from building your nest egg to living off your assets. That means you probably gravitate toward ...
-
What kind of income-generating assets make the most sense? Obviously, those that appear undervalued with respect to the basket/group of stoc...
-
Warren Buffett famously quipped that if you aren't willing to own a stock for 10 years, you shouldn't think about owning it for 10 m...
-
REITs are reporting higher revenue and earnings so far for the quarter. But one of the specific metrics for profitability comes from the rat...
0 comments
Post a Comment
Post a Comment