The net profit and dividend paid by Alon USA Partners LP (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...
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