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
-
REITs don’t just pay out attractive yields; many of these companies are terrific operators too. So not only do investors get to collect a so...
-
The company reported solid results for its fourth fiscal quarter. The business development company once again covered its dividend payout wi...
-
It’s in volatility like this that the value of dividends truly shines through. The market could be having a massive sell-off, but when a com...
-
If you are interested in high-yield dividend stocks, it’s better to focus on a company’s history of growing its dividend rather than just lo...
-
Buying and holding high-quality dividend stocks is arguably the best way for investors to predictably achieve outsized returns over the long...
-
While conventional wisdom holds that you reach for yield, my strategy has been to look first for capital gains, then to management teams tha...
-
I screened for cheap dividend stocks that are showing some upward movement, trading above their 50-day moving average, with a 3% or higher d...
-
There are hundreds of high-yield dividend stocks on the market. At least, that's the case if your definition of high dividend yield isn&...
-
Most investors near the end of their working years are wise enough to avoid risky marijuana stocks. Unfortunately, recognizing relatively sa...
-
If you are a longtime yield seeker, you’ve probably noticed one thing: most of the double-digit yielders also happen to be beaten-down stock...
0 comments
Post a Comment
Post a Comment