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Second Big Cash Wave In August: 6% To 9% Yields, Plus 3 Mid-Term Trades, 10% To 18%

Published Fri, 26 Jul 2019 09:15:00 -0400 on Seeking Alpha

This week's article follows up on last week's article, which featured 9 high yield MLPs. The article features six more high yielders, all of which are in the midstream sub-industry of the energy patch.
The group of LPs going ex-dividend over the next few weeks includes The Williams Companies, Inc., (WMB), Magellan Midstream Partners, L.P., (MMP), Enable Midstream Partners LP, (ENBL), NuStar Energy LP, (NS), Crestwood Equity Partners LP, (CEQP), and Oasis Midstream Partners LP, (OMP).
OMP is part of our Hidden Dividend Stocks Plus service portfolio, and has a total return of over 25%, while ENBL is part of our DoubleDividendStocks.com service portfolio, with a 24%-plus annualized profit on its most recent option trade.
With the exception of WMB, they're all MLPs, and they issue K-1s at tax time. There's quite a range of market caps in this group, with WMB topping the list at $33B, down to newcomer OMP, at $740M:
Distribution Schedule:
Only CEQP has declared its August distribution so far - the remaining dates and amounts are based on the most recent distributions and previous ex-dividend dates and pay dates for this period.
OMP's management has committed to 20% annual distribution growth through 2021, so the actual distribution will probably be higher than the $.47 payout listed in this table - they're targeting $2.02 in 2019.
OMP's 20% distribution growth implies total annual payouts of $2.42 in 2020, and $2.91 in 2021. At OMP's 7/24/19 cost/unit of... 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
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
Income Investors: The Second Wave Of 5% To 9% Yields In May, Plus 3 More Tax Deferred High-Yield Trades
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