With most of the midstream high dividend stocks in our articles having had big gains over the past year, we went looking for some "new blood" - maybe there's one we've overlooked. This stock yields 9.6%, with 1.24x distribution coverage. EBITDA grew 24%, distributable cash flow grew 28% in 2016, and distribution coverage grew 18% in 2016. This article offers two additional high-yielding trades for this stock.
As it turns out, the management of this article's focus stock, Summit Midstream Partners LP (NYSE:SMLP), also feels that its company's stock has been overlooked. In its latest quarterly report, the company included this interesting chart, which compares SMLP to some peers, and poses three "what if" scenarios. It points to a higher price of $28.40 if SMLP were to trade in line with its peers.
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 10%, Strong Coverage, Earnings Growth, And Cash Flow Growth
Posted by D4L | Monday, May 15, 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...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
A good dividend stock has more than a high yield. Dividends need to be supported by cash flow, and cash flow depends on the long-term streng...
-
When looking for dividend stocks to invest in, it is advisable to choose companies that have strong dividend histories and stable balance sh...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.