Looking for new ideas in the Basic Materials sector? Join the club - this sector has been on fire, having risen from the ashes of the crude crash and rising US dollar. It's up over 43% over the past year. This stock yields 8.8%, with strong distribution coverage of 1.27x. Management has raised the distribution nine straight quarters, and has grown it 20% since the IPO. It has tripled its assets in the past four quarters, and also closed a new deal in September that will grow EBITDA by 18% annually. Revenues are up 21%, and EBITDA is up 20% over the past year. Even with its recent rise, it's still over 13% below analysts' lowest price target.
We just discovered a relatively new midstream company, PBF Logistics LP (NYSE:PBFX), which IPO'd in May 2014. Curiously, PBFX hasn't risen along with the rest of the sector, until recently - it has beaten the market over the past quarter and is up nearly 10% in this first week of 2017. PBFX is a fee-based, growth-oriented, Delaware master limited partnership formed in February 2013 by subsidiaries of PBF Energy (NYSE:PBF) to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX has a targeted minimum quarterly distribution of $.30, which it has blown away, with its most recent payout of $.44 being over 46% above this MQD.
Source: Seeking Alpha
Related Articles:
- 9 Dividend Stocks Ignoring The 4% Rule
- 10 Stocks That Have Paid Dividends For Over 100 Years
- Love People, Use Dividend Stocks
- We Were Dividends, Before Dividends Were Cool
- 7 Dividend Stocks Delivering The Secret To Success
High-Dividend Stock Yields 9%, Outperforming In 2017, 9 Straight Dividend Hikes
Posted by D4L | Tuesday, February 14, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
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...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
If you've been holding back from investing in your future just because you don't have a lot of extra cash to spare, I've got gre...
-
If you are looking for high-yield dividend stocks that can beat the market, you might want to check out these three companies. They all have...
-
If you are here to build a portfolio that thrives in all seasons, consider dividend stocks. They can generate steady returns and provide sta...
-
One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain...
-
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contribut...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
The company's remarkable consistency and low-risk business model make it a "first-choice investment opportunity," according to...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.