This company turned around its common unit coverage in Q3 2018 but is still selling at a multi-year low, 13.8% below analysts' lowest price target. It now yields over 14%, with stronger earnings and cash flow expected in Q4 '18 and full-year 2019. Its P-Series preferred units had 8.65X coverage in the past four quarters and yield 9%.
Golar LNG Partners LP (GMLP) had a rough go of it in 2018, with multiple special surveys/drydockings and re-contracting issues that pressured its cash flow. Management finally cut the common's distribution to $.4042 from $.5775 for the Q4 2018 payout. Needless to say, that cut didn't go over so well with Mr. Market, who jumped overboard, and GMLP's common units became waterlogged, falling to the low teens from the low $20s, losing over 50% of its value in 2018. GMLP paid out $2.14 in 2018 distributions, which only slightly mitigated that 50% price decline.
Source: Seeking Alpha
Related Articles:
- High-Quality, Low-Risk Dividend Stocks
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Are ETFs and CEFs Good Dividend Growth Investments?
- 6 Companies With The Power of 5/15 Dividend Growth
- Searching the World For The Best Dividend Stocks
Turnaround Time For This 14% Yield: Good Upside, No K-1, Better Coverage In 2019 For Golar LNG Partners LP
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There’s nothing more satisfying that getting money for doing nothing. That’s why dividend stocks hold so much appeal for portfolios. Many of...
-
We've broadened our search to the S&P 500, and also found two high-dividend stocks among the dividend yield leaders of that larger i...
-
Dividend stocks can be a great source of passive income. Not only do they deliver cash into your brokerage account on a recurring basis, but...
-
I believe in dividend growth investing and consider holding strong companies will help me going through any stock market storm. I believe di...
-
Generally speaking, the higher the yield, the higher the risk involved. Since yield is a function of share price, a failing business model w...
-
If you are retired, you have likely shifted from building your nest egg to living off your assets. That means you probably gravitate toward ...
-
With bond rates already low and the Fed hinting at rate decreases, dividend stocks are in high demand these days, as alternatives in the fix...
-
What kind of income-generating assets make the most sense? Obviously, those that appear undervalued with respect to the basket/group of stoc...
-
Warren Buffett famously quipped that if you aren't willing to own a stock for 10 years, you shouldn't think about owning it for 10 m...
-
REITs are reporting higher revenue and earnings so far for the quarter. But one of the specific metrics for profitability comes from the rat...
0 comments
Post a Comment
Post a Comment