CNXM

Chesapeake Energy’s Pain Indicates Nothing “Safe” About Energy MLP Distributions

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Summary There is nothing “safe” in the stock market, and given the track record of the distributions of pipeline MLPs, there is nothing “safe” about pipeline MLP distributions. The MLP business model continues to be phased out, a trend that we anticipated when we made our bearish call on the group in June 2015. Chesapeake Energy’s pain is a yet another reminder of the pipeline MLP group’s exposure to energy resource pricing through the health (or rather ill-health) of its customer base. We continue to encourage pipeline operators to disclose free cash flow (cash flow from operations less all gross capital spending) prominently in press releases, alongside other industry-specific metrics. Investors of Chesapeake could get completely wiped out in a … Read more

Tallgrass Energy’s Growth Runway Shorter Than Expected

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Image Source: Tallgrass Energy LP – IR Presentation By Callum Turcan Valuentum’s High Yield Dividend Newsletter portfolio parted ways with Tallgrass Energy LP (TGE) on August 1, as we wanted to reduce our exposure to the midstream space. We don’t like TGE as much as we once did and think it’s best to move on to better opportunities. Please note Blackstone Group Inc (BX), through affiliates of Blackstone Infrastructure Partners, closed its purchase of Tallgrass’ general partner in March 2019 which included those parties acquiring a 44% economic interest in Tallgrass. In 2018, Tallgrass reorganized as a C-Corp which we were very supportive of. Additionally, the midstream company has been very free cash flow positive historically (when defined as net … Read more

Dividend Increases/Decreases for the Week Ending April 19

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Below we provide a list of firms that raised their dividends during the week ending April 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 American Water Works (AWK): now $0.50 per share quarterly dividend, was $0.455. AptarGroup (ATR): now $0.36 per share quarterly dividend, was $0.34. Celanese (CE): now $0.62 per share quarterly dividend, was $0.54. CIT (CIT): now $0.35 per share quarterly dividend, was $0.25. Civista Bancshares (CIVB): now $0.11 per share quarterly dividend, was $0.09. CNX Midstream Partners (CNXM): now $0.3732 per share quarterly dividend, was $0.3603. Cross … Read more

Dividend Increases/Decreases for the Week Ending October 19

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Below we provide a list of firms that raised their dividends during the week ending October 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 1st Constitution Bancorp (FCCY): now $0.075 per share quarterly dividend, was $0.06. Antero Midstream GP (AMGP): now $0.144 per share quarterly dividend, was $0.125. Antero Midstream Partners (AM): now $0.44 per share quarterly dividend, was $0.415. Blackstone (BX): now $0.64 per share quarterly dividend, was $0.58. BP Midstream Partners (BPMP): now $0.2915 per share quarterly dividend, was $0.2725. Central Valley Community Bancorp (CVCY): now $0.09 per … Read more

Dividend Increases/Decreases for the Week Ending April 20

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Below we provide a list of firms that raised their dividends during the week ending April 20. 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 American Water Works (AWK): now $0.455 per share quarterly dividend, was $0.415. AmeriServ Financial (ARSV): now $0.02 per share quarterly dividend, was $0.015. Antero Midstream GP (AMGP): now $0.108 per share quarterly dividend, was $0.075. Antero Midstream Partners (AM): now $0.39 per share quarterly dividend, was $0.365. Badger Daylighting (BADFF): now CAD 0.045 per share monthly dividend, was CAD 0.038. Banco Santander-Chile (BSAC): now $0.9563 per … Read more

Dividend Increases/Decreases for the Week Ending July 27

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Below we provide a list of firms that raised their dividends during the week ending July 27. 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 Access National (ANCX): now $0.16 per share quarterly dividend, was $0.15. Alliance Resource Partners (ARLP): now $0.52 per share quarterly dividend, was $0.515. Archrock (AROC): now $0.132 per share quarterly dividend, was $0.12. Ares Commercial Real Estate (ACRE): now $0.29 per share quarterly dividend, was $0.28. Arrow Financial (AROW): now $0.26 per share quarterly dividend, was $0.25. BancorpSouth (BXS): now $0.17 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week Ending February 1

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Below we provide a list of firms that raised their dividends during the week ending February 1. 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 AFLAC (AFL): now $0.27 per share quarterly dividend, was $0.26. ALLETE (ALE): now $0.5875 per share quarterly dividend, was $0.56. Alliance Resource Partners (ARLP): now $0.53 per share quarterly dividend, was $0.525. Anthem (ANTM): now $0.80 per share quarterly dividend, was $0.75. Arthur J. Gallagher (AJG): now $0.43 per share quarterly dividend, was $0.41. Bank of Botetourt (BORT): now $0.16 per share quarterly dividend, was $0.15. … Read more

Dividend Increases/Decreases for the Week Ending July 19

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Below we provide a list of firms that raised their dividends during the week ending July 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 American Express (AXP): now $0.43 per share quarterly dividend, was $0.39. American National Bankshares (AMNB): now $0.27 per share quarterly dividend, was $0.25. American River Bankshares (AMRB): now $0.07 per share quarterly dividend, was $0.05. Atlantic Union Bank (AUB): now $0.25 per share quarterly dividend, was $0.23. Bar Harbor Bankshares (BHB): now $0.22 per share quarterly dividend, was $0.20. Blackstone (BX): now $0.48 per share quarterly … Read more

Dividend Increases/Decreases for the Week August 7

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Below we provide a list of firms that raised their dividends during the week ending August 8. 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 Atlantica Sustainable Infrastructure (AY): now $0.42 per share quarterly dividend, was $0.41. AudioCodes (AUDC): now $0.14 per share semi-annual dividend, was $0.13. Badger Meter (BMI): now $0.18 per share quarterly dividend, was $0.17. Brookfield Renewable (BEPC): now $0.434 per share quarterly dividend. Cable One (CABO): now $2.50 per share quarterly dividend, was $2.25. CAI International (CAI): now $0.25 per share quarterly dividend. Carlisle (CSL): now $0.525 … Read more