Looking for dividend growth, or upside potential, or maybe both? Management has raised this stock's payout for 10 straight quarters. It yields 9%, with strong 1.32x coverage. Revenue grew 65%, net income rose 29%, EBITDA rose 30%, and DCF grew 33% in Q1 '17. It's now 12% below analysts' lowest price target, and has multiple upward earnings estimates over the past month.
We've been riding the growth arc of midstream energy firm PBF Logistics LP (NYSE:PBFX), enjoying its steadily rising payouts and major growth, as management ramped up the company's assets. We've also enjoyed an 11% price gain so far in 2017. Recently, however, Mr. Market hasn't come along for the ride - PBFX is down -7.84% over the past quarter. We certainly can't blame analysts - they've given PBFX multiple upward earnings estimate revisions over the past month, based upon the company's rapid asset growth and earnings power.
Source: Seeking Alpha
Related Articles:
- Who is Ben Grossbaum and Why Should We Listen to Him?
- 4 High Yield, High Risk Dividend Stocks
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- All Investments Carry Risk
- Warren Buffett's Two Investing Rules For Dividend Investors
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
The fact is that there are many interesting high-yielding companies that have good long-term prospects. Besides, as the markets get more vol...
-
A common measure of dividend sustainability is the payout ratio, the percent of earnings that are paid out to shareholders. Unfortunately, e...
-
Part of the joy of investing is seeing your good investments continue to grow, years after your initial purchase. Aside from the financial s...
-
Good income investments often come with strong dividend yields, delivering income that's higher than an investor could find at a bank or...
-
A lot changes when you shift from working to retirement, including how you invest. Most investors switch from building a nest egg to living ...
-
Both of the listed stocks are often discussed on the Reddit page, and for very different reasons. The former pays a frequent special dividen...
-
Last month we wrote about the top four companies in our model portfolio in the article 4 Dividend Dominators for 2021 - Companies With More ...
-
Interest rates remain very low and given the ongoing economic impact from COVID-19, they will likely stay very low. This low-rate environmen...
-
When it comes to dividend stocks, investors can fall into the trap of focusing on dividend yield over all else. That can be a dangerous stra...
-
Safety and tranquility are both important aspects of investing for retirement. Yes, we want stocks with meaningful upside. We also -- howeve...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.