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Income Investors: The Second Wave Of 5% To 9% Yields In May, Plus 3 More Tax Deferred High-Yield Trades

Published Fri, 03 May 2019 09:15:00 -0400 on Seeking Alpha

We wrote about 10 high-dividend stocks going ex-dividend in May. This article follows up on that one, featuring six more high yielders, all of which are in the midstream sub industry of the energy patch.
They're all MLPs, and they issue K-1s at tax time.
Williams Companies (WMB) has the largest market cap in the group, at $34.3B, followed by Magellan Midstream Partners LP (MMP) at $14.16B, and Enable Midstream Partners LP (ENBL) at $6B.
NuStar Energy LP (NS), at $2.9B, Crestwood Equity Partners LP (CEQP) at $2.6B, and newcomer Oasis Midstream Partners LP (OMP) with a $675M market cap, round out the group.
Four out of six of these LPs have beaten the market so far in 2019, gaining much more than the S&P 500's 16.54% year to date gain. CEQP leads the pack, with a 31.46% gain, followed by NS, up 29.91%, WMB, up 28.48%, and OMP, up 24.64%. MMP, up 8.68%, and ENBL, up 2.88%, have under-performed in 2019, and over the past year.
CEQP, MMP, and NS all go ex-dividend next week, on 5/7/19. OM and ENBL should go ex-dividend later in May, on ~5/16/19 and ~5/21/19, respectively, while WMB should go ex-dividend ~6/7/19.
MMP is, by far, the dividend growth champ in this group with a five-year dividend growth rate of 12.58%. Its management has raised the quarterly payout 68 times since MMP's IPO. NS shows a negative distribution growth rate, due to its early 2018 IDR swap deal, in which the distribution went to $.60/quarter, from... 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
CRESTWOOD EQUITY PARTNERS 36.99   13.5 2.74 2.40 6.47
MAGELLAN MIDSTREAM PARTNERS 65.61   11.0 5.99 4.05 6.20
WILLIAMS 24.29   303.6 0.08 1.52 6.12


Older articles featuring Enable Midstream Partners Lp (ENBL):
Top 10 Utility Stocks For Dividend Growth And Income
Building An Energy Based High Yield Retirement Portfolio - Starting With Coronavirus Fears
By The Book V.01: Dividend Power Stocks For October
Renaissance's Legendary Medallion Fund Sources These 50 Top Yield, Top Gain Dividend Dogs
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
62 Dogs Cry Out LOUD By Dividend Yields, Upsides, And Net Gains For June
103 Broker-Favored Dividend Dogs In April
5 High-Yield Dividend Stocks Yielding Up to 11.4%
16 Dividend Income Opportunities In The Energy Minerals Sector, But Beware The Nature Of The Beast: Part 8