PetroLogistics: The Time Is Ripe For Dividend Fruit

PetroLogistics (PDH) has had a rough ride since its IPO back in May of this year. After starting at $17 per share, the stock declined to nearly $10 during the June swoon. Partly at fault was the prorated distribution for Q2 of 26 cents causing some investors (and websites) to "miscalculate" a prospective yield. If the company had been public for the whole second quarter the distribution would have been 45 cents and, once the market realized this, the price recovered to about $14. But, unfortunately, the 3rd-quarter distribution was a disappointment at only 21cents causing the stock to revisit $10 during the post-election market sell-off. In addition, variable rate MLPs, which PDH is one of, have...