Looking for cheap, high dividend stocks in the Basic Materials sector? With over 77% of the Basic Materials sector up over the past month, you may be wondering if any worthy high dividend stocks in this sector are still undervalued. As luck would have it, this stock yields 12.12% with 1.18x distribution coverage in Q3 2016. Revenue has grown 48%, EBITDA 47%, and distributable cash flow 33% in the past four quarters. It is selling at 25% below book value.
Arc Logistics Partners LP (NYSE:ARCX), a solid Basic Materials stock we've covered in previous articles, has lagged the general market over the past month, quarter, year, and year to date. ARCX is a fee-based limited partnership. Its energy logistics assets consist of 21 terminals in 12 states located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the US, with approximately 7.7 million barrels of crude oil and petroleum product storage capacity, four rail transloading facilities with approximately 126,000 barrel per day of throughput capacity, and the liquefied natural gas (LNG) interest in an LNG facility, which has 320,000 cubic meters of LNG storage, 1.5 billion cubic feet per day natural gas sendout capacity, and interconnects to natural gas pipeline networks. Arc Logistics GP LLC operates as a general partner of the company. Arc Logistics Partners LP was founded in 2007, and IPO'd in November 2013.
Source: Seeking Alpha
Related Articles:
- 7 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
- 6 Blue Chip Dividend Stocks For When the Chips Are Down
- The 2016 Elite Dividend Stocks List
High-Dividend Stock Yields 12%, Reported Record Earnings, Below Book Value
Posted by D4L | Tuesday, January 17, 2017 | ArticleLinks | 0 comments »_____________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Do you need more income? Join the crowd. It seems everyone is scouring the landscape these days for decent income investments to beef up the...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While I've invested a decent portion of my portfolio into growth stocks, a significant part of my holdings consists of dividend-paying s...
-
Investors hear about dividend aristocrats all the time. It’s a fantastic thing if a company raises its dividend every year for 25 years runn...
-
Stocks can make for amazing investments, offering better long-term returns than bonds, precious metals, and most other commonly available in...
-
All too often when a cheap stock offers a high dividend yield, it's too good to be true. Perhaps the stock has plunged with good reason,...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
To alert investors of stocks that have the highest risk of reducing their current dividend in the future, Simply Safe Dividends created a Di...
-
April has time and again proved to be favorable for stocks. But this time around, April has arrived during midterm election, which usually s...

0 comments
Post a Comment
Post a Comment