This niche LP yields 9.61%, and its coverage improved to 1.14x in its most recent quarter. It also has a new preferred series yielding over 8%. It has an average remaining contract term of 11.7 years. It's the only publicly traded pure play on a rapidly growing sub-sector of the energy shipping business. Revenue has grown 42%, and DCF is up 23% in the past four quarters - both hit records in Q3 '17. You get a 1099 at tax time - no K-1.
We've long included Hoegh LNG Partners LP (HMLP) in our articles about the LNG shipping industry. As it turns out, HMLP is the only publicly traded pure play on FSRUs. In one of our recent articles on the LNG shipping industry, we noted that "FSRU projects are projected to add ~70 metric tons/year to global regasification capacity by 2019." This seems to be where the action is - FSRUs have grown pretty quickly since 2013 - rising from annual 10% growth to 15% - 16% in the past two years, and they're projected to keep growing, eventually by 21% in 2020:
Source: Seeking Alpha
Related Articles:
- 5 Stocks With a Sustainable Dividend
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends
- 7 Higher Yielders With A Low Free Cash Flow Payout
- The Will to Win
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Stocks that offer big dividend yields are often backed by businesses that are going through rough patches and experiencing significant downt...
-
With the calendar turning over to 2019, many of the trends causing the rise in volatility aren’t stopping. To that end, making a calculated ...
-
Many dividend stocks tumbled over the past year, since conservative investors often shift from high-yielding stocks to bonds when interest r...
-
Because we're expected to live longer than those just a generation or two removed from us, we'll need income during our retirement f...
-
For the most part, stock market investors love the technology sector. While tech stocks were hit particularly hard during the latest market ...
-
This company has become an income machine for investors over the past three decades, thanks in large part to the 132 consecutive dividends i...
-
If you want to find good deals this holiday season, forget the department stores. Instead, go to the stock market. Due to the lackluster per...
-
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 ...
-
Even though GDP is growing nicely, consumer spending is red hot and unemployment is low, the stocks that are outperforming are all ones we’d...
-
In the current market environment, few things are better than a bonus check for equity investors. Of course, I’m talking about special divid...
0 comments
Post a Comment
Post a Comment