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:
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|
|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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