OMP

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 August 10

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Below we provide a list of firms that raised their dividends during the week ending August 10. 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 2 Global (JCOM): now $0.425 per share quarterly dividend, was $0.415. Atlantica Yield (AY): now $0.34 per share quarterly dividend, was $0.32. Badger Meter (BMI): now $0.15 per share quarterly dividend, was $0.13. Barclays (BCS): now $0.1276 per share semi-annual dividend, was $0.1095. Black Stone Minerals (BSM): now $0.3375 per share quarterly dividend, was $0.3125. Blue Hills Bancorp (BHBK): now $0.20 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week Ending May 11

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Below we provide a list of firms that raised their dividends during the week ending May 11. 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 Algonquin Power & Utilities (AQN): now $0.1282 per share quarterly dividend, was $0.1165. Baker Hughes (BHGE): now $0.18 per share quarterly dividend, was $0.12. Baxter (BAX): now $0.19 per share quarterly dividend, was $0.16. BG Staffing (BGSF): now $0.30 per share quarterly dividend, was $0.25. Brookline Bancorp (BRKL): now $0.10 per share quarterly dividend, was $0.09. Business First Bancshares (BFST): now $0.08 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week Ending November 2

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Below we provide a list of firms that raised their dividends during the week ending November 2. 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 Aircastle (AYR): now $0.30 per share quarterly dividend, was $0.28. AllianceBernstein (AB): now $0.69 per share quarterly dividend, was $0.62. American Assets Trust (AAT): now $0.28 per share quarterly dividend, was $0.27. Apollo Global Management (APO): now $0.46 per share quarterly dividend, was $0.43. Arbor Realty Trust (ABR): now $0.27 per share quarterly dividend, was $0.25. Black Stone Minerals (BSM): now $0.37 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week Ending February 8

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Below we provide a list of firms that raised their dividends during the week ending February 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 3M (MMM): now $1.44 per share quarterly dividend, was $1.36. Affiliated Managers (AMG): now $0.32 per share quarterly dividend, was $0.30. Allegion (ALLE): now $0.27 per share quarterly dividend, was $0.21. Alliance Data Systems (ADS): now $0.63 per share quarterly dividend, was $0.57. Allstate (ALL): now $0.50 per share quarterly dividend, was $0.46. Amdocs (DOX): now $0.285 per share quarterly dividend, was $0.25. Archer Daniels Midland … Read more

Dividend Increases/Decreases for the Week Ending May 10

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Below we provide a list of firms that raised their dividends during the week ending May 10. 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 A&W Revenue Royalties Income Fund (AWRRF): now CAD 0.154 per share monthly dividend, was CAD 0.147. Algonquin Power & Utilities (AQN): now $0.141 per share quarterly dividend, was $0.1282. ALPS Alerian Energy Infrastructure ETF (ENFR): now $0.28753 per share quarterly dividend, was $0.25892. Atlantica Yield (AY): now $0.39 per share quarterly dividend, was $0.37. Arbor Realty Trust (ABR): now $0.28 per share quarterly dividend, was $0.27. … Read more

Dividend Increases/Decreases for the Week Ending August 9

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Below we provide a list of firms that raised their dividends during the week ending August 9. 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 A&W Revenue Royalties Income Fund (AWRRF): now CAD 0.159 per share monthly dividend, was CAD 0.154. ALPS ETF Trust – Alerian Energy Infrastructure ETF (ENFR): now $0.3123 per share quarterly dividend, was $0.2875. Audio Codes (AUDC): now $0.12 per share semi-annual dividend, was $0.11. Badger Meter (BMI): now $0.17 per share quarterly dividend, was $0.15. Barret Business (BBSI): now $0.30 per share quarterly dividend, was $0.25. … Read more

Dividend Increases/Decreases for the Week August 13

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Below we provide a list of firms that raised their dividends during the week ending August 13. 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 Altius Minerals (ATUSF): now CAD 0.07 per share quarterly dividend, was CAD 0.05. Angel Oak Mortgage (AOMR): now $0.12 per share dividend. Artisan Partners Asset Management (APAM): now $1.00 per share quarterly dividend, was $0.88. Badger Meter (BMI): now $0.20 per share quarterly dividend, was $0.18. Broadridge Financial Solutions (BR): now $0.64 per share quarterly dividend, was $0.58. Brookfield Asset Management Reinsurance Partners (BAMR): now $0.13 … Read more