The net profit and dividend paid by Alon USA Partners LP (NYSE:ALDW) fell by half from the 2013 first to the second quarter. Since the last distribution announcement, the ALDW share price dropped by almost 50% on various bad news items concerning the refining industry. Even though the share price as recovered a portion of the loss over the last two weeks, ALDW unit holders should be braced for a significantly lower dividend for the third quarter.
Note: MLP companies such as Alon USA Partners have units and pay distributions. The words stock, shares and dividends may be used here with the understanding that the rules of MLP units apply including the tax consequences of investing in MLP...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|