This company operates on long-term contracts with a current average remaining length of more than eight years, and full contract coverage through the first half of 2025. Its common stock yields 11.5% - 2020 distribution coverage was 1.22X. There's also an 8% yielding preferred unit. HMLP issues a 1099 at tax time - no K-1.
Hoegh LNG Partners (HMLP) offers investors high-yield exposure to the LNG shipping industry. HMLP's profile is a bit different than its competitors, though, as it's a pure play on FSRUs. FSRU stands for "Floating Storage & Regasification Unit." FSRUs have been a rapidly growing presence in the LNG shipping industry in the last few years. HMLP's parent/sponsor, Höegh LNG Holdings Ltd., is the largest provider of FSRUs in the market.
Source: Seeking Alpha
Related Articles:
________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
In short, dividend-bearing stocks are one of the smartest approaches stock investors have available currently. The same is true in strong ec...
-
Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central...
-
Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passi...
-
Many companies make very predictable fixed dividend payments each quarter. When they do, their investors have a pretty good idea of how much...
-
As 2022 wraps up, many investors are likely looking for ways to position their portfolio for more macroeconomic uncertainty next year. After...
-
Last year was brutal for the real estate investment trust (REIT) sector. Rising interest rates created two headwinds for the industry. They ...
-
For most investors, the new year brings with it new opportunity. With all three major U.S. stock indexes falling into a bear market last yea...
-
Dividends drive significant returns for Berkshire Hathaway's portfolio. One common theme of Warren Buffett's Berkshire Hathaway is d...
-
With inflation appearing to have peaked and fears of a recession dimming somewhat, investors have some positive catalysts to look forward to...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.