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
-
Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself. And unfortunately, even r...
-
Today, we’ll look at three high-yield dividend stocks that have earned a ‘perfect 10’ from the Smart Score. For investors seeking a clear fo...
-
How do you assess risk? Different investors have different approaches, and when a Black Swan event topples the market, risk assessment becom...
-
Master limited partnerships (MLPs) have fallen out of favor with investors in recent years, thanks to a combination of continued turbulence ...
-
Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. In times of economic...
-
While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Stoc...
-
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends a...
-
AbbVie (NASDAQ:ABBV) is in the midst of a transition. AbbVie began life about a decade ago when it was spun off from health care and medical...
-
3M Company (NYSE:MMM) is growing its FCF very well, and as a result, MMM stock is likely to move up at least 44% over the next or so. Right ...
-
This article deals with a sensitive subject - prisons, more precisely, US prisons. Regardless of which side of the argument one takes, sadly...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.