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Income Investors: The Second Wave Of 5% To 17% Cash Yields For February

Published Fri, 01 Feb 2019 09:16:00 -0500 on Seeking Alpha

Last week, we wrote about a group of 10 high-dividend stocks going with ex-dividend dates in early February. We're covering another group of Basic Materials stocks in this article, which have ex-dividend dates ranging from 2/5/19 to 3/8/19.
Williams Companies (WMB) is the gorilla in the group, with a $32B market cap, followed by Magellan Midstream Partners LP (MMP) at $14.3B and Enable Midstream Partners LP (ENBL) at $6.6B.
The next three companies, NuStar Energy LP (NS), Sunoco LP (SUN), and Crestwood Equity Partners LP (CEQP), range from $2.2B to $2.6B. Summit Midstream Partners LP (SMLP) has the smallest market cap of the group, at $971M:

Distribution Calendar: Five members of this group go ex-dividend next week, from 2/5/19 to 2/7/19, while ENBL should go ex-dividend ~2/15/19, and WMB should go ex-dividend ~3/8/19.
The yields have quite a spread, from 5.10% for WMB, all the way up to a whopping 17.61% for SMLP.

Valuations: There's also quite a spread of distribution coverage in the group. You can see a correlation between the low coverage factor of 1.07X for SMLP and the very high 17.61% yield that the market is demanding from this company.
Contrast that with WMB, at the other end of the yield spectrum, at 5.10%, with very high coverage of 1.84X, and a premium price to distributable cash flow - P/DCF, of 10.68. Likewise, MMP yields 6.38%, the second lowest yield in the group, with the second highest price/DCF of 10.68X.
The... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ENABLE MIDSTREAM PARTNERS LP 11.96   10.0 1.20 1.32 10.85
NUSTAR ENERGY 26.89   0.0 -6.61 2.40 8.95


Older articles featuring Enable Midstream Partners Lp (ENBL):
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Building An Energy Based High Yield Retirement Portfolio - Starting With Coronavirus Fears
By The Book V.01: Dividend Power Stocks For October
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Second Big Cash Wave In August: 6% To 9% Yields, Plus 3 Mid-Term Trades, 10% To 18%
Two 7% To 10% Yields, 25% Below Book Value, Near 52-Week Lows, 23%-35% Below Targets
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Income Investors: The Second Wave Of 5% To 9% Yields In May, Plus 3 More Tax Deferred High-Yield Trades
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5 High-Yield Dividend Stocks Yielding Up to 11.4%