Looking to catch a well-paying ride on the growth arc of a relatively new company? This stock yields 8.53%, with strong 1.28x coverage. Management has raised the distribution nine straight quarters - it's now 50% above the targeted minimum. Q4 '16 revenues grew 65%, net income 61%, EBITDA 39% and DCF 37% - all company records. Management guided to 30%+ revenue and net income growth in 2017, which should support more distribution hikes...
When we first covered PBF Logistics (NYSE:PBFX) in an early January 2017 article, we noted that the company had tripled its asset base in the past four quarters, which had led to 20%-plus growth in revenue and EBITDA. Better yet, its September 2016 purchase of a 50% interest in the Torrance, CA, pipeline would add 23% to revenue and 18% to EBITDA. "This bodes well for continuing distribution growth in 2017." It all started to bear fruit in Q4 2016 - revenue grew 65%, net income grew 61%, EBITDA rose 39%, and DCF rose 37%, as contributions from the new assets began to contribute to earnings:
Source: Seeking Alpha
Related Articles:
- Are The Dividends Safe For These High-Yielding Stocks?
- Who Owns The Top Dividend Stocks?
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
- 10 Stocks With Sustainable Dividend Growth
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Owning dividend stocks can be a great way to both generate cash flow and beat the market long term. And if you can find stocks that are over...
-
Long-time readers know I’m a big fan of the insurance industry because of one quirk in their business model. Customers always pay premiums u...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
-
“Cheap” stocks aren’t necessarily the best cheap stocks to buy. And dividend stocks, even those with a high payout, aren’t necessarily safe....
-
This company's management has raised the quarterly distribution 71 straight quarters, 22 straight years - it will be a Dividend Aristocr...
-
The markets have been doing very well over the past several weeks, and finding some good bargains has been a bit challenging of late. Howeve...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.