ATAX

MLP Speak: A Critique of Distributable Cash Flow

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–> Handout 1: Pitfalls of Distribution Yield Analysis (pdf) –> Handout 2: Linking P/DCF to Enterprise Free Cash Flow Valuation (pdf) Let’s talk about a controversial metric that is used in master limited partnership (MLP) reporting. Just how useful is it, and should it be allowed? By Brian Nelson, CFA It’s been a few years since the fallout in the prices of most master limited partnerships (AMLP), but to me, it still feels like yesterday. We continue to have many concerns about the longevity of the business models of MLPs, and we maintain our view that the operating structure will be challenged over the long haul. New equity and debt funding (issuance) continues to, in part, fuel the distributions of most MLPs, … Read more

Dividend Increases/Decreases for the Week March 19

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Below we provide a list of firms that raised their dividends during the week ending March 19. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week America First Multifamily Investors (ATAX): now $0.09 per share quarterly dividend, was $0.06. Artis Real Estate Investment Trust (ARESF): now CAD 0.05 per share monthly dividend, was CAD 0.0464. Aura Minerals (ARMZF): now $0.83 per share special dividend, was $0.92. Badger Daylighting (BADFF): now CAD 0.0525 per share monthly dividend, was CAD 0.0500. Blue Ridge Bankshares (BRBS): now $0.15 per share quarterly dividend. Brigham Minerals (MNRL): … Read more

Dividend Increases/Decreases for the Week June 18

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Below we provide a list of firms that raised their dividends during the week ending June 18. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week AG Mortgage Investment Trust (MITT): now $0.07 per share quarterly dividend, was $0.06. America First Multifamily Investors (ATAX): now $0.11 per share quarterly dividend, was $0.09. Benchmark Electronics (BHE): now $0.165 per share quarterly dividend, was $0.16. Calamos Long/Short Equity & Dynamic Income Trust (CPZ): now $0.14 per share monthly dividend, was $0.13. Canadian Banc Corp (CNDCF): now 0.1017 per share monthly dividend, was CAD 0.0942. … Read more

Dividend Increases/Decreases for the Week of June 17

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Below we provide a list of firms that raised their dividends during the week ending June 17. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week      Acme United (ACU): now $0.14 per share quarterly dividend, was $0.13. AFC Gamma (AFCG): now $0.56 per share quarterly dividend, was $0.55. Alpha Metallurgical (AMR): now $0.375 per share quarterly dividend. America First Multifamily Investors (ATAX): now $0.37 per share quarterly dividend, was $0.33. BitNile Holdings 13% CUM RED PFD (NILE.PD): now $0.2708 per share monthly dividend. BrightSpire Capital (BRSP): now $0.20 per share quarterly dividend, … Read more