Looking for dividend growth in the high-yield space? This MLP yields 8.65%, with 1.15x coverage over its 1st two quarters. Mgt. is guiding to 20% dividend growth/year through 2019. Mgt. also guided to 1.2x-plus coverage in 2018, and 1.3x coverage in 2019. It's over 13% below analysts' lowest price target.
How does 20% growth in 2018 and 2019 sound? That's what the management of Oasis Midstream Partners LP (OMP) guided to for the future on their Q1 '18 earnings call: "Our strong execution to start the year allows us to remain confident in our full year guidance growing our distribution coverage from approximately 1.1 times coverage currently to 1.15 in the second quarter of 2018 to greater than 1.2 by the end of 2018 into 1.3 times in the first quarter of 2019."
Source: Seeking Alpha
Related Articles:
- 26 Income Securities For A Well-Rounded Asset Allocation
- 5 Small/Mid-Cap Dividend Growth Stocks Answering The Call
- 8 Dividend Stocks With The Right Stuff
- Free Cash Flow Payout vs. Dividend Payout
- 6 Dividend Stocks Trading at a Double-Digit Discount
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Well-chosen dividend stocks are powerful wealth creators. They can add both growth and stability to your investment portfolio -- while putti...
-
High-yield stocks with low price-to-earnings ratios tend to do well over time. It’s also a good deal for investors when the earnings of the ...
-
Whenever a non-dividend-paying stock sets up a regular dividend policy, it is considered very, very good news. And that’s also why, whenever...
-
Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don't go up -- you ...
-
I have chosen five stocks selling with dividend yields of 6%+ and with low payout ratios. The dividends of these stocks represent just 50% o...
-
As time passes, fewer investors are familiar with Peter Lynch. That’s a shame. The famous former Fidelity fund manager delivered astounding ...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
Buying and holding high-quality dividend stocks is one of the best ways for any investor to consistently beat the market over the long term....
-
Q3 earnings season is almost upon us, as the big banks are set to officially kick-off the season in mid-October. Many investors are keeping ...
-
This LP currently offers a 9.5% distribution yield. It has reported a distribution coverage ratio of 2.0 but this metric has proved unreliab...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.