Dividend-News

Daily dividend news for investors in dividend stocks


A 12% Yield, Strong Coverage, Analyst Upgrade This Week, 22% Below Book Value

Published Sat, 12 Aug 2017 10:04:00 -0400 on Seeking Alpha

We've been hanging in there with our holding of Arc Logistics Partners LP (ARCX), a midstream firm, we've covered in several past articles. Although ARCX has beaten its benchmark, the Alerian MLP ETF (AMLP), that's not much consolation, as it has consistently trailed the market:
ARCX offers storage alternatives to handle a wide array of products, including gasoline, distillates, aviation gas, asphalt, fuel oil, crude oil, ethanol, bio-diesel, methanol and crude tall oil, with many of its facilities managing multiple products and offering additional capacity to support changing customer priorities:
(Source: ARCX site)
Management greatly expanded the company's crude oil throughput, starting in Q3 '15:

The company has grown and diversified from having a much more balanced customer base, vs. 2008 when 99% of its base were marketers. Exxon Mobil, (XOM), is among the oil majors it deals with:

(Source: ARCX site)
Distributions: Management has held the distribution steady at $.44 since November 2015 - which is 13.55% above its targeted minimum distribution. At a price of $14.08, ARCX is yielding 12.50%.
Our High Dividend Stocks By Sector Tables track ARCX's current price and dividend yield (in the Basic Materials section).
ARCX issues a K-1 to common unit investors at tax time. Since this is a tax-deferred investment, you'll get more tax advantages from it by not holding it in an IRA. There also can be tax... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ARC LOGISTICS PARTNERS LP 16.70   23.5 0.71 1.76 10.55

ARC LOGISTICS PARTNERS LP - ARCX
ARC LOGISTICS PARTNERS LP - ARCX  


Older articles featuring Arc Logistics Partners Lp (ARCX):
Brokers Tag Energy Transfer As The Scariest Energy Dog And CSI Compressco The Worst By Yield For September 2018
Brokers Tag Sandridge Top Gain Energy Dividend Dog For August 2018
Energy Dividend Dogs: Seadrill And NGL Gains Lead Pack In June
Dividend Stock Yields 12.2%, Fast Growth, Cheap Valuation
'Rodney Dangerfield' High-Dividend Stock Yields 12%, Below Book Value - Trap Or Treasure?
Energy Dividend Dogs NGL Energy's And American Midstream's 32%-35% Gains Pace Sector Through May 2018
High-Dividend Stock Yields 12%, Strong Growth, Selling Below Book Value
Williams PartnersTops Basic Materials Dividend Dogs By Upside & Gains For April
Stocks Trading Ex-Dividend on 11/5/2015
Stocks Trading Ex-Dividend on 8/6/2015

More