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|
|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|
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