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
-
REITs don’t just pay out attractive yields; many of these companies are terrific operators too. So not only do investors get to collect a so...
-
The company reported solid results for its fourth fiscal quarter. The business development company once again covered its dividend payout wi...
-
It’s in volatility like this that the value of dividends truly shines through. The market could be having a massive sell-off, but when a com...
-
If you are interested in high-yield dividend stocks, it’s better to focus on a company’s history of growing its dividend rather than just lo...
-
Buying and holding high-quality dividend stocks is arguably the best way for investors to predictably achieve outsized returns over the long...
-
While conventional wisdom holds that you reach for yield, my strategy has been to look first for capital gains, then to management teams tha...
-
I screened for cheap dividend stocks that are showing some upward movement, trading above their 50-day moving average, with a 3% or higher d...
-
There are hundreds of high-yield dividend stocks on the market. At least, that's the case if your definition of high dividend yield isn&...
-
Most investors near the end of their working years are wise enough to avoid risky marijuana stocks. Unfortunately, recognizing relatively sa...
-
If you are a longtime yield seeker, you’ve probably noticed one thing: most of the double-digit yielders also happen to be beaten-down stock...
0 comments
Post a Comment
Post a Comment