Dividends4Life: A 13% Yield For Patient Income Investors

A 13% Yield For Patient Income Investors

Posted by D4L | Monday, September 10, 2018 | | 0 comments »

The yield is 13.49% with 1.07X coverage. Management has hit its 2018 EBITDA and coverage guidance through Q2 '18. Management has big growth projects coming on board in the second half of 2018 and first half of 2019.

Back on 6/28/18, we published an article entitled, "A 15% Yield For Patient Income Investors" about Summit Midstream Partners LP (SMLP), a midstream energy company. SMLP had been getting beaten up by the market due to flat revenues and EBITDA, and declining distributable cash flow - DCF, but it has done better over the past ~2 months, with a total return of 15.20%.

Source: Seeking Alpha

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