Distribution yield of 12.50%, with 1.2x coverage over the past four quarters. Stifel just upgraded it from hold to buy, with a much higher price target that jumped by 38%. It's selling at a 22% discount to book value. Management greatly expanded the company's crude oil throughput, starting in Q3 '15. The company has grown and diversified from having a much more balanced customer base, vs. 2008 when 99% of its base were marketers.
We've been hanging in there with our holding of Arc Logistics Partners LP (ARCX), a midstream firm, we've covered in several past articles. Although ARCX has beaten its benchmark, the Alerian MLP ETF (AMLP), that's not much consolation, as it has consistently trailed the market. ARCX offers storage alternatives to handle a wide array of products, including gasoline, distillates, aviation gas, asphalt, fuel oil, crude oil, ethanol, bio-diesel, methanol and crude tall oil, with many of its facilities managing multiple products and offering additional capacity to support changing customer priorities.
Source: Seeking Alpha
Related Articles:
- Dividend Stocks vs. Dividend ETFs
- Managing Risk With Dividend Stocks
- If Only I Had Known About These Dividend Stocks...
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 4 Communications Services Stocks With Increasing Dividends
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Over the years, few companies have served income investors better than the S&P 500 Dividend Aristocrats. To become a “Dividend Aristocra...
-
There is a company that’s doing exactly what you want to do: lending to venture growth stage businesses in the tech sector. Better yet, that...
-
Cheap valued stocks with high yields will never go out of style. I could go on about the powers of compound interest, but I think we're ...
-
First, and perhaps the most obvious, is that being able to enter biotech stocks at a cheaper price — assuming the companies are not fundamen...
-
This has got to be the most interesting high-yield opportunity to watch this earnings season. The company was already one of the most genero...
-
The steady stream of payments from dividend stocks can act as some ballast in the rough seas. After all, if you’re already getting a 3 to 4%...
-
I am adding to my existing long position in this REIT. The commercial property REIT has very convincing portfolio and dividend coverage stat...
-
In this day and age, quarterly earnings are arguably the most watched events in the stock market. And when a company reports its quarterly f...
-
Owning dividend stocks can be a great way to not only grow your portfolio but also get a tax-effective cash return on your investment. Wheth...
-
Owning high-quality, high-yield dividend stocks is the most effective way for investors to achieve outsize returns over the long run. But wh...
0 comments
Post a Comment
Post a Comment