Guess which sector is in the doghouse? One of our favorites - Basic Materials, a sector which provides many of the high-dividend stocks we cover in our articles. It has been lagging lately, but had a nice rise on Friday, along with crude oil gaining and the US dollar falling. This stock yields 9.9%, with strong distribution coverage of 1.22x. It's now 11% below analysts' consensus price target, but management sees strong growth coming in the second half of 2017, which should lift its price. Its payouts are supported by long-term, fee-based contracts ranging up to 11.6 years. There's also an alternative short-term trade included in this article, yielding over 15% annualized.
We initiated coverage on Summit Midstream Partners LP (NYSE:SMLP) in mid-April. Since then, it has struggled a bit, falling around 3%, and it continues to lag the market, although it has outperformed the Alerian MLP ETF (NYSEARCA:AMLP). SMLP's underperformance has left it at 11% below analysts' average price target of $26.08. Formed in 2012, SMLP provides natural gas, crude oil and produced water-gathering services, primarily via long-term, fee-based contracts with its customers.
Source: Seeking Alpha
Related Articles:
- Hey, You Invest Like a Girl!
- Are Storm Clouds Gathering For These 4 High-Yielding Securities?
- Weekly Links: May 13, 2017
- 5 Dividend Stocks With A Low P/B Ratio
- Harvest the Fruit
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
High dividend yields are harder to find lately, given the long-running stock market rally. But that scarcity doesn't mean investors have...
-
One little-known tax loophole allows Americans to collect large, growing distribution checks from the government. And investors can begin ea...
-
The U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal...
-
Every investor needs a security blanket -- that piece of the portfolio that needs no attention and doesn't keep you up at night. Busines...
-
The one knock against this midstream company is its higher risk profile compared with its peers. It has been working to address that issue b...
-
I love buying dollar bills for $0.80. Of course, you don’t find many chances like that in the stock market. Whenever such a great deal arise...
-
Technology is the alchemy of the stock market. It is where companies turn worthless silicon into incredible new and expensive gizmos and dev...
-
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth c...
0 comments
Post a Comment
Post a Comment