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
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
So, stocks are the place to go. But which stocks? While the market is clearly the place to go for strong returns, investors have different p...
-
Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expense...
-
Over the past few years, dozens of companies have recognized this cash flow conundrum. So in an effort to support their shareholders, some b...
-
If you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflatio...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In a...
-
Exxon Mobil Corporation (NYSE:XOM) stock is trading at the same level as it was during the beginning of 2019. Even with company-specific pos...
-
A different approach is to focus on the payout. However, it’s important not to simply invest in companies that offer the largest payout. Tha...
-
As a new decade approaches, it's a good time to think about putting a few stocks in your portfolio that can stand the test of time, pote...
-
One of the Best Dividend Stocks of the Past Decade. If you ask most people to name the best dividend stocks, they’ll rattle off a similar li...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.