"Nothing is certain, except death and taxes," wrote Christopher Bullock in 1716. In the shipping tanker world, you could add vessel surveys, drydockings, and re-contracting challenges to that list. This LP yields over 13% with trailing 1.07x coverage. It's 16% below analysts' lowest price target. This article examines why it's so cheap and also offers an alternative trade strategy.
Such is the plight of Golar LNG Partners LP (GMLP), a holding of ours for quite some time, which we've written several articles about. Historically, GMLP has been a dependable payer - it started by paying $.3342 in Q3 2011 and worked its way up to $.5775/unit every quarter, which is the level that management has kept the distribution at since May 2015. During that time, GMLP's annual distribution coverage went from a low of .99x in 2012, up to a high of 1.33x in 2016, and ended 2017 with an annual coverage factor of 1.07.
Source: Seeking Alpha
Related Articles:
- 7 Stocks With A Vision Of Higher Dividends
- 6 Higher-Yielding Consumer Stocks With A History of Rising Dividends
- Are Defense Stocks Good Defensive Stocks?
- 10 Stocks That Have Paid Uninterrupted Dividends Since 1895
- Who is David Dodd and Why Should We Listen to Him
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself. And unfortunately, even r...
-
Today, we’ll look at three high-yield dividend stocks that have earned a ‘perfect 10’ from the Smart Score. For investors seeking a clear fo...
-
How do you assess risk? Different investors have different approaches, and when a Black Swan event topples the market, risk assessment becom...
-
Master limited partnerships (MLPs) have fallen out of favor with investors in recent years, thanks to a combination of continued turbulence ...
-
Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. In times of economic...
-
While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Stoc...
-
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends a...
-
AbbVie (NASDAQ:ABBV) is in the midst of a transition. AbbVie began life about a decade ago when it was spun off from health care and medical...
-
3M Company (NYSE:MMM) is growing its FCF very well, and as a result, MMM stock is likely to move up at least 44% over the next or so. Right ...
-
Dividend investing is a great way for investors to earn reliable income. Dividend stocks tend to have stable, cash-generating business model...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.