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
-
Strange but true: seniors fear death less than running out of money in retirement. So what's a retiree to do? You could cut your expense...
-
If you're anticipating a long retirement, you'll want to remain invested in stocks to give your money a chance of outpacing inflatio...
-
If I could teach investors one thing, it would be how to identify and value “Forever Assets.” These businesses constitute the single best wa...
-
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In a...
-
One way to identify suitable candidates is to look for stocks with an average dividend yield of 3%, and positive average annual dividend gro...
-
Exxon Mobil Corporation (NYSE:XOM) stock is trading at the same level as it was during the beginning of 2019. Even with company-specific pos...
-
Dividends are profit sharing payments sent out to stockholders. Companies have a variety of reasons for paying them, ranging from simply swe...
-
Dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplan...
-
All bull markets come to an end, and this past decade has been a remarkable one for investors who've escaped largely unscathed from any ...
-
One of the most exciting things about many dividend stocks is that they not only pay regular dividends, but also increase those dividends on...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.