With the clocks moving forward, spring may finally be on the way, bringing some warmer weather. But no so much up in the Arctic Circle, where harsh conditions can make shipping all but impossible for many months out of the year. This stock yields 10.5% with dividend coverage of 1.37x for the past four quarters. Revenue grew 12%, EBITDA 19%, and distributable cash flow was 18% in Q4 '16. It has received multiple analyst upward earnings estimate revisions over the past month. It has unique assets, long-term contracts and industry tailwinds supporting its distributions.
That's where Dynagas Partners LP (NYSE:DLNG) and its general partner/sponsor, Dynagas GP LLC come in - DLNG and its sponsor jointly own 81% of the world's ice class 1A LNG carrier fleet. As an extension of the ability to operate in ice-bound areas, DLNG is the only company in the world with the current capability and experience in transiting LNG carriers via the Northern Sea route. This unique niche affords DLNG the opportunity to lock in long-term contracts at favorable rates - its six-vessel fleet has a current backlog of $1.6B, with an average remaining contract life of 10.7 years. 86% of its fleet is contracted through 2017 and 75% contracted through 2018 and 2019 to strong counterparties, such as Statoil, (NYSE:STO), Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) and Gazprom (OTCQX:GZPFY).
Source: Seeking Alpha
Related Articles:
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 4 Communications Services Stocks With Increasing Dividends
- 5 Stocks With Room To Grow Their Dividend
- 9 Dividend Stocks Ignoring The 4% Rule
- 10 Stocks That Have Paid Dividends For Over 100 Years
Unique High-Dividend Stock Yields Over 10%, Strong Growth, Estimates Rising
Posted by D4L | Sunday, April 09, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
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...
-
In short, dividend-bearing stocks are one of the smartest approaches stock investors have available currently. The same is true in strong ec...
-
If your growth-investing days are over (or nearly so) and you're more interested in steady income, start your search with all-weather st...
-
Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central...
-
Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passi...
-
Many companies make very predictable fixed dividend payments each quarter. When they do, their investors have a pretty good idea of how much...
-
As 2022 wraps up, many investors are likely looking for ways to position their portfolio for more macroeconomic uncertainty next year. After...
-
Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). Below are some highlights from the above linked analysis: Comp...
-
With inflation appearing to have peaked and fears of a recession dimming somewhat, investors have some positive catalysts to look forward to...
-
Linked here is a detailed quantitative analysis of Southern Company (SO). Below are some highlights from the above linked analysis: Company ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.