CAFD

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 Ending June 30

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Below we provide a list of firms that raised/lowered their dividends during the week ending June 30. 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 8point3 Energy Partners (CAFD): now $0.2642 per share quarterly dividend, was $0.2565. China Southern Airlines (ZNH): now $0.638 per share annual dividend, was $0.53. Commerce Union Bancshares (CUBN): now $0.06 per share quarterly dividend, was $0.055. Darden Restaurants (DRI): now $0.63 per share quarterly dividend, was $0.56. First Bancorp (FNLC): now $0.24 per share quarterly dividend, was $0.23. General Mills (GIS): now $0.49 per share quarterly … Read more

Dividend Increases/Decreases for the Week Ending March 24

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Below we provide a list of firms that raised/lowered their dividends during the week ending March 24. 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 8point3 Energy Partners (CAFD): now $0.2565 per share quarterly dividend, was $0.249. Canadian Banc Corp (CNDCF): now CAD 0.10833 per share monthly dividend, was CAD 0.10458. Citizens Financial Services (CZFS): now $0.425 per share quarterly dividend, was $0.42. Cross Timbers Royalty Trust (CRT): now $0.089461 per share monthly dividend, was $0.061822. Enduro Royalty Trust (NDRO): now $0.040901 per share monthly dividend, was $0.017331. Fulton Financial (FULT): … Read more

Is Clean Energy Just Burning Cash?

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Image Source: Chuck Coker Clean or renewable energy sources will undoubtedly be a part of how we generate power in the future, but how investible is the space? The answer is largely dependent on your risk tolerance. Key Takeaways: The success of the solar industry at this point in time is dependent on public policy, specifically investment tax credits, which allow participants to compete with traditional energy sources. The wind power industry is more developed than the solar industry, though many of the largest players in the industry are large utility holding companies. There are a wide range of ideas ancillary to the renewable energy movement in the areas of emissions reduction, power storage, and energy efficiency. By Kris Rosemann … Read more

Dividend Increases/Decreases for the Week Ending December 23

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Below we provide a list of firms that raised/lowered their dividends during the week ending December 23. 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 8point3 Energy Partners (CAFD): now $0.249 per share quarterly dividend, was $0.2406. ALPS Cohen & Steers Global Realty Majors ETF (GRI): now $0.460527 per share quarterly dividend, was $0.382421. ALPS Equal Sector Weight ETF (EQL): now $0.906383 per share quarterly dividend, was $0.271693. Amgen (AMGN): now $1.15 per share quarterly dividend, was $1.00. Boston Prop (BXP): now $0.75 per share quarterly dividend, was $0.65. Camden National … Read more

Dividend Increases/Decreases for the Week Ending September 23

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Below we provide a list of firms that raised/lowered their dividends during the week ending September 23. 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 8point3 Energy Partners (CAFD): now $0.2406 per share quarterly dividend, was $0.2325. ALPS Cohen & Steers Global Realty Majors ETF (GRI): now $0.382421 per share quarterly dividend, was $0.312204. Ameris Bancorp (ABCB): now $0.10 per share quarterly dividend, was $0.05. ATN International (ATNI): now $0.34 per share quarterly dividend, was $0.32. Bank of South Carolina (BKSC): now $0.14 per share quarterly dividend, was $0.13. BIOQUAL (BIOQ): … Read more

Dividend Increases/Decreases for the Week Ending June 24

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Below we provide a list of firms that raised/lowered their dividends during the week ending June 24. 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 8point3 Energy Partners (CAFD): now $0.2325 per share quarterly dividend, was $0.2246. Canadian Banc Corp. (CNDCF): now $0.08783 per share monthly dividend, was $0.08642. Cross Timbers Royalty Trust (CRT): now $0.060865 per share monthly dividend, was $0.047302. DTE Energy (DTE): now $0.77 per share quarterly dividend, was $0.73. Enduro Royalty Trust (NDRO): now $0.013353 per share monthly dividend, was $0.001016. Farmers Bankshares Inc. (FBVA): now $0.07 … Read more

Dividend Increases/Decreases for the Week Ending March 25

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Image shown: Raytheon’s 800XP Hawker; source: Eric Salard. Below we provide a list of firms that raised/lowered their dividends during the week ending March 25. 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 8point3 Energy Partners (CAFD): now $0.2246 per share quarterly dividend, was $0.217. ALPS Alerian Energy Infrastructure ETF (ENFR): now $0.254616 per share quarterly dividend, was $0.0625. ALPS Cohen & Steers Global Realty Majors ETF (GRI): now $0.369625 per share quarterly dividend, was $0.21087. ALPS Emerging Sector Dividend Dogs ETF (EDOG): now $0.11799 per share quarterly dividend, was $0.117604. … Read more

Dividend Increases/Decreases for the Week Ending December 25

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Below we provide a list of firms that raised their dividends during the week ending December 25. 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 8point3 Energy Partners (CAFD): now $0.217 per share quarterly dividend, was $0.2097. FelCor (FCH): now $0.06 per share quarterly dividend, was $0.04. Hanmi Financial (HAFC): now $0.14 per share quarterly dividend, was $0.11. Riverview Bancorp (RVSB): now $0.0175 per share quarterly dividend, was $0.015. Urstadt Biddle Properties (UBA): now $0.26 per share quarterly dividend, was $0.255. Urstadt Biddle Properties (UBP): now $0.23 per share quarterly dividend, … Read more