KYN

Dividend Increases for the Week Ending June 20

by

Below we provide a list of firms that raised/lowered their dividends during the week ending June 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 Alexandria Real Estate Equities (ARE): now $0.72 per share quarterly dividend, was $0.70. Apollo Residential Mortgage (AMTG): now $0.42 per share quarterly dividend, was $0.40, First Bancorp (FNLC): now $0.21 per share quarterly dividend, was $0.20. Fifth Third Bancorp (FITB): now $0.13  per quarterly dividend, was $0.12. Horizon Bancorp (HBNC): now $0.13 per share quarterly dividend, was $0.11. John Wiley & Sons (JW.A): now $0.29 per … Read more

Dividend Increases/Decreases for the Week Ending March 14

by

Below we provide a list of firms that raised/lowered their dividends during the week ending March 14. Firms Raising Their Dividends This Week Capstead (CMO): now $0.34 per share quarterly dividend, was $0.31. Colgate-Palmolive (CL): now $0.36 per share quarterly dividend, was $0.34. Douglas Dynamics (PLOW): now $0.2175 per share quarterly dividend, was $0.2125. Ellington Residential Mortgage REIT (EARN): now $0.55 per share quarterly dividend, was $0.50. Equity Lifestyle Properties (ELS): now $0.325 per share quarterly dividend, was $0.25. General Mills (GIS): now $0.41 per share quarterly dividend, was $0.38. Gramercy (GPT): reinstates common stock dividend of $0.035 per share quarterly dividend. Hurco Companies (HURC): now $0.07 per share quarterly dividend, was $0.05. JMP Group (JMP): now $0.045 per share … Read more

Dividend Increases for the Week Included Realty Income and US Bancorp; Dividend Cuts Included a Number of Mortgage REITs

by

Below we provide a list of firms that increased or decreased their dividends for the week ending June 21. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports, please click here. Dividend Increases for the Week Ending June 21 CVB Financial (CVBF): now $0.10 per share quarterly dividend, was $0.085. Darden Restaurants (DRI): now $0.55 per share quarterly dividend, was $0.50. Fifth Third Bancorp (FITB): now $0.12 per share quarterly dividend, was $0.11. First Internet Bancorp (INBK): now $0.06 per share, was $0.04 (post-split). Host Hotels & Resorts (HST): now $0.11 per share quarterly dividend, was $0.10. John Wiley & Sons (JW.A): now $0.25 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week Ending September 20

by

Below we provide a list of firms that raised their dividends during the week ending September 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 ALPS ETF Trust – ALPS Sector Dividend Dogs ETF (SDOG): now $0.3844 per share quarterly dividend, was $0.3797. Ameris Bancorp (ABCB): now $0.15 per share quarterly dividend, was $0.10. Dave & Buster’s (PLAY): now $0.16 per share quarterly dividend, was $0.15. DTF Tax-Free Income (DTF): now $0.04 per share monthly dividend, was $0.035. ETFMG Alternative Harvest ETF (MJ): now $0.28 per share quarterly dividend, was $0.18. … Read more

Plains All American to Undergo Simplification Transaction

by

Image Source: Plains All American “Quarterly distribution cuts for Plains All American and Plains GP Holdings will be 21% and 11%, respectively, which should come as no surprise to those who have been following our work.” — Kris Rosemann, Valuentum Securities Plains All American (PAA) had previously hinted at a simplification transaction that will combine the economic interests of varying levels of partnership of its master limited partnership (MLP) business model in its 2016 Investor Day presentation, but the company has now entered into a definitive agreement to simplify its corporate governance. The end result of the deal will be one MLP security and one corporate security with pre-tax economic parity between the two. Plains All American will remain an … 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