HEP

Dividend Increases/Decreases for the Week Ending January 27

by

Below we provide a list of firms that raised their dividends during the week ending January 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 AGCO (AGCO): now $0.14 per share quarterly dividend, was $0.13. Air Products and Chemicals (APD): now $0.95 per share quarterly dividend, was $0.86. ALLETE (ALE): now $0.535 per share quarterly dividend, was $0.52. Applied Industrial Technologies (AIT): now $0.29 per share quarterly dividend, was $0.28. Arthur J. Gallagher (AJG): now $0.39 per share quarterly dividend, was $0.38. Bank First National (BFNC): now $0.16 per share quarterly … Read more

Midstreams Going C-Corp, Should SEC Disallow the Measure Distributable Cash Flow?

by

Key Takeaways It’s important to differentiate the concept of enterprise free cash flow valuation and the idea of capital-market dependence. The uncertainty of the MLP business model remains, as it is clear operators are shunning the MLP business model preferring C-Corps instead. According to work from Global X Funds, now 40% of the energy infrastructure market cap consists of C-Corps, up considerably from just 15% at the end of 2014. Though many simplifications have come with implied distribution cuts, the primary reason for the rise in C-Corps across the midstream space has been the rationalizing of excess MLP valuations to enterprise free cash flow assessments. We encourage the SEC to consider disallowing the use of distributable cash flow, as it … Read more

Nelson: The 16 Most Important Steps To Understand The Stock Market

by

A previous version of this article appeared on our website July 21, 2013. Refreshed and updated throughout, as of July 2018. By Brian Nelson, CFA After earning my MBA at the University of Chicago Booth School of Business and training stock and credit analysts from large organizations over the past decade or so, I have heard just about every question (though I admit I am still surprised by many things and remain a very humble student of the markets). I’ve also spent years perfecting the discounted cash flow process for large research organizations such as Morningstar and studied under one of the most famed aggressive growth investors of all time, Richard Driehaus. My knowledge runs the gamut from value through … Read more

More First-Quarter Earnings Flying In: GM, Ford, Big Oil and More

by

Image Source: General Motors GM’s dividend yield and valuation opportunity are incredible, while Microsoft’s free cash flow generation and solid net cash position speak to tremendous dividend strength. We liked what we saw out of Union Pacific during the first quarter, and you have to be aware of Big Oil’s bloated balance sheets. All of this and more included in this piece. By Brian Nelson, CFA It’s puzzling to think about, but with the first-quarter 2017 US GDP print today, April 28, coming in at just 0.7%, below expectations, one wouldn’t think the stock market is near all-time highs. Interestingly, in the report, too, the weakest area came from real consumer spending, which registered a pace of growth as poor … Read more

Dividend Increases/Decreases for the Week Ending April 24

by

Below we provide a list of firms that raised their dividends during the week ending April 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 ASML Holding N.V. (ASML): final EUR 1.35 semi-annual dividend, was EUR 1.05. Canadian Banc Corp (CNDCF): now CAD 0.0517 per share monthly dividend, was CAD 0.0367. Centamin plc (CELTF): interim $0.0600 dividend, was $0.0400. Delek Logistics Partners (DKL): now $0.89 per share quarterly dividend, was $0.885. Dime Community Bancshares 5.50% Fixed Rate Non-Cum Pptl Prfd Stk, Series A (DCOMP): now $0.38 per share quarterly dividend. Dividend … Read more

Valuentum’s Comprehensive Outlook for Crude Oil and Natural Gas Prices

by

Let’s take a deep dive into the energy sector. The best dividend growth ideas, the most likely takeout candidates and more…

Seeking Balance: What’s Happening in the Crude Oil and Iron Ore Markets

by

Image Source: Sollven Melindo Commodity prices are notoriously volatile as the global markets often struggle to maintain a sustainable balance of supply-demand. Let’s take a look at some recent developments and coming events that are impacting the prices of crude oil and iron ore. By Kris Rosemann We’re not rushing to add any commodity-based exposure at the moment. We have some of course – but we’re not looking to add more to the newsletter portfolios. For starters, the iron ore pricing market appears to be setting itself up for another period of pain, and we’re preaching serious levels of caution for those considering the space as iron-ore prices have already begun to descend from the peak of the puzzling early-2017 … Read more

The Dividend Cushion Ratio: Unadjusted Is Less Subjective, Adjusted Is More Subjective

by

  Image Source: Mike Lawrence Question: I’m a subscriber. I’m looking at your Dividend Report for Enterprise Product Partners (EPD). It says your Valuentum Adjusted Dividend Cushion ratio for EPD is 1.8 (a ratio that includes future expected proceeds from capital raising endeavors in the coming years), but several lines below it says the Unadjusted Dividend Cushion ratio, which is your regular normal ratio (a ratio that does not include future expected proceeds from capital raising endeavors in the coming years), is 0.22. Please explain the difference between the two ratios, and what is considered a good ratio for the Unadjusted Dividend Cushion ratio, what is an excellent score, what is neutral and what is poor? Also, how much relative importance should … Read more

Dividend Increases/Decreases for the Week of May 5

by

Below we provide a list of firms that raised their dividends during the week ending May 5. 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                          Allied Motion Technologies (AMOT): now $0.03 per share quarterly dividend, was $0.025. American International Group (AIG): now $0.36 per share quarterly dividend, was $0.32. Apple (AAPL): now $0.24 per share quarterly dividend, was $0.23. Arbor Realty Trust (ABR): now $0.42 per share quarterly dividend, was $0.40. ARC Resources (ARX:CA): now CAD 0.17 per share quarterly dividend, was CAD 0.15. Berry (BRY): now $0.12 per … Read more

Dividend Increases/Decreases for the Week Ending January 22

by

Below we provide a list of firms that raised/lowered their dividends during the week ending January 22. 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 Alaska Air (ALK): now $0.275 per share quarterly dividend, was $0.20. Alexanders Inc. (ALX): now $4.00 share quarterly dividend, was $3.50. ALLETE (ALE): now $0.52 per share quarterly dividend, was $0.505. Bar Harbor Bankshares (BHB): now $0.265 per share quarterly dividend, was $0.26. Cardinal Financial (CFNL): now $0.12 per share quarterly dividend, was $0.11. CenterPoint (CNP): now $0.2575 per share quarterly dividend, was $0.2475. Chicopee Bancorp … Read more