The yield is 16.%, and going ex-dividend on 11/6/18. Management just made an acquisition which will improve its distribution coverage to well over 1X, starting in 2019, and they see trailing coverage rising to 1.20 by YE 2019. The price is 15% below analysts' lowest price target, and 26% below the consensus price target.
Own any "accidental" high yielders? The type of stock which has fallen in price, but management has maintained the quarterly distribution? Such is the case with Martin Midstream Partners LP (MMLP), a company whose price/unit has run from a January high of $16.95 to a September low of $10.65 in 2018. The problem has centered around MMLP's struggles with earnings and distribution coverage. Although revenue has had steady quarterly gains, these haven't translated into gains in EBITDA or DCF.
Source: Seeking Alpha
Related Articles:
- 3 Low Beta, Higher Yielding Dividend Stocks For The Next Downturn
- 6 High-Yield REITs With Growing Dividends
- 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
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
Before you go ahead and fill your portfolio with dividend stocks, it would be prudent to check out their market capitalizations as well. Sev...
-
This company yields 12.96%. Management already declared the regular and special September dividends. Its portfolio companies are holding up ...
-
Dividend stocks have fallen out of fashion during the pandemic. With interest rates at rock-bottom levels, investors have fled from assets l...
-
With interest rates stuck below 1%, finding income in today's market can be difficult. Therefore it makes sense for income investors to ...
-
The two dividend-paying technology stocks to consider boosted sales significantly, according to their latest quarterly financial reports, ev...
-
There are 65 so-called “dividend aristocrats,” which is the name given to companies that have managed to increase their dividends for 25 con...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.