HEP

Nelson’s Quick Thoughts on Midstream Energy MLPs

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Image Source: Roy Luck Nelson’s Take We continue to be quite cautious on the midstream MLP business model (AMLP), including Energy Transfer Partners’ (ETP), given its extreme capital-market dependency (i.e. the continuous need for new equity and debt capital), and we maintain our view that the group is 1) inextricably tied to energy resource pricing, if not directly (5%-10%) than indirectly through the financial health of their upstream customer bases and 2) the credit markets via ongoing project-financing requirements and outsize debt loads. Many in the group continue to be capital-intensive, highly-leveraged entities that have little cash cushions on the books to handle exogenous shocks. Most, if not all, generate traditional free cash flow (CFO less all capex) shortfalls, after … Read more

Dividend Increases/Decreases for the Week Ending October 27

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 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 1st Constitution Bancorp (FCCY): now $0.06 per share quarterly dividend, was $0.05. Abaxis (ABAX): now $0.16 per share quarterly dividend, was $0.14. AbbVie (ABBV): now $0.71 per share quarterly dividend, was $0.64. AFLAC (AFL): now $0.45 per share quarterly dividend, was $0.43. Agnico Eagle (AEM): now $0.11 per share quarterly dividend, was $0.10. Alliance Holdings (AHGP): now $0.735 per share quarterly dividend, was $0.73. Alliance Resource … Read more

Dividend Increases/Decreases for the Week Ending October 21

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 21. 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 Accenture (ACN): now $1.21 per share semi-annual dividend, was $1.10. Amphenol (APH): now $0.16 per share quarterly dividend, was $0.14. AptarGroup (ATR): now $0.32 per share quarterly dividend, was $0.30. AVX (AVX): now $0.11 per share quarterly dividend, was $0.10. Bank First National (BFNC): now $0.16 per share quarterly dividend, was $0.15. Brunswick Corp (BC): now $0.17 per share quarterly dividend, was $0.15. Capital Bank Financial … Read more

How to Think About Corporate Tax Reform

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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 Ending October 23

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Below we provide a list of firms that raised/lowered their dividends during the week ending October 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 ALPS U.S. Equity High Volatility Put Write Index ETF (HVPW): now $0.3226 per share monthly dividend, was $0.3199. ArcBest (ARCB): now $0.08 per share quarterly dividend, was $0.06. American Electric Power (AEP): now $0.56 per share quarterly dividend, was $0.53.  AptarGroup (ATR): now $0.30 per share quarterly dividend, was $0.28. Associated Banc-Corp (ASB): now $0.11 per share quarterly dividend, was $0.10. Bank of Marin Bancorp (BMRC): … Read more

ICYMI — Video: Will Hasty Policy Facilitate the Next Leg Down, or Do We Have It Coming Anyway?

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President of Investment Research and award-winning author of Value Trap: Theory of Universal Valuation Brian Nelson explains how US policymakers are stuck between a rock and a hard place, and how the market may be factoring in too high of a probability of a return to normalcy before 2021. This and more in the latest video report. Summary Make sure you review Value Trap on Amazon. Do so here. We think those that bought equities near the bottom of this swoon may be looking to take profits at present levels. The market is currently reflecting an 80%-85% probability of a return to normalcy before 2021, which we believe is too high at this time. Our main concern is that government … Read more