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
-
Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expense...
-
If you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflatio...
-
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In a...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
If I could teach investors one thing, it would be how to identify and value “Forever Assets.” These businesses constitute the single best wa...
-
Exxon Mobil Corporation (NYSE:XOM) stock is trading at the same level as it was during the beginning of 2019. Even with company-specific pos...
-
As a new decade approaches, it's a good time to think about putting a few stocks in your portfolio that can stand the test of time, pote...
-
Dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplan...
-
One of the Best Dividend Stocks of the Past Decade. If you ask most people to name the best dividend stocks, they’ll rattle off a similar li...
-
Dividends are profit sharing payments sent out to stockholders. Companies have a variety of reasons for paying them, ranging from simply swe...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.