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
10 Straight Dividend Hikes And A 9% Yield, More Positives To Come?
Posted by D4L | Wednesday, June 21, 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...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
Ultimately, dividend income and capital appreciation come out of one bucket. So focusing on total return, not just dividend yield, will help...
-
A great year for dividend growth stocks is one in which there are few dividend cuts and fewer companies that failed to raise their dividends...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
-
There's no time like the present to invest in dividend stocks. Doing so kicks off the process of receiving extra income in the form of d...
-
The Financial Services Sector includes insurance companies, banks, brokerages, mutual funds and other similar companies. Before the 2008-09 ...
-
Linked here is a detailed quantitative analysis of Union Pacific Corporation (UNP). Below are some highlights from the above linked analysis...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.