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Albert Alfonso

 
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  • Update: Strong Dividend Growth Continues For Philip Morris [View article]
    Adrian,

    Any dividend increase is a positive given the negative EPS trends.
    Sep 11 03:56 AM | Likes Like |Link to Comment
  • Memorial Production Partners: Making Sense Of The Recent Secondary Offering [View article]
    Bobdbus,

    ATMs are in useat some other larger upstream MLPs. MEMP may still be too small for such an approach.

    Also, the unit price seems to have recovered most of the losses rather quickly. Tons of demand out there for MEMP equity.
    Sep 4 10:14 PM | 2 Likes Like |Link to Comment
  • Memorial Production Partners: Making Sense Of The Recent Secondary Offering [View article]
    Max,

    MLPs like to fund new projects with a mix of debt and equity. The ratio is usually 50/50, though equity is often the preferred method.

    Yes, the MEMP could easily get long-term debt in the 6.5% to 7.0% range. However, this would burden the balance sheet. Better to have some dry powder left over.
    Sep 4 10:12 PM | 1 Like Like |Link to Comment
  • Philip Morris: Looking Forward To A Likely Dividend Hike [View article]
    Matt,

    Basing the payout ratio off the 2015 estimates (which are likely to go down) may add some unwanted noise into the numbers.

    The divergence between adjusted and reported EPS in 2015 will likely increase due to the investments in reduced risk products and cost cutting expenses. I think it is likely to for PM to see further GAAP EPS declines.
    Sep 2 11:08 AM | Likes Like |Link to Comment
  • ONEOK: A Solid Choice For Dividend Growth [View article]
    I am writing up an article about KMI and its possible buyout targets. OKE/OKS would not be on that list as I think they are too big.
    Aug 29 07:29 AM | Likes Like |Link to Comment
  • Update: Prospect Capital Earnings - All Eyes Are On The Dividend [View article]
    Declared dividends are usually "locked in". I would be very surprised if the dividend were changed after the fact.
    Aug 29 06:29 AM | Likes Like |Link to Comment
  • Update: Prospect Capital Earnings - All Eyes Are On The Dividend [View article]
    Gawilley,

    PSEC went from a record quarter to a very bad one. This decline is overstated as a result. Compared to an "average quarter", the decline is more like 40 to 50%. Still not pretty.
    Aug 29 06:23 AM | 1 Like Like |Link to Comment
  • Update: Prospect Capital Earnings - All Eyes Are On The Dividend [View article]
    saratogahawk,

    Not really. The CC was almost entirely focused on the dividend and how PSEC can increase NII.

    If I were to be frank, I think the origination numbers speak for themselves.
    Aug 29 06:22 AM | Likes Like |Link to Comment
  • Impressive Dividend Growth Continues For Altria [View article]
    Stevlg,

    Vector is not a tobacco pure-play as it owns substantial real estate assets. I agree it is a under researched name. Yield is double-digit if you include the annual stock dividend.
    Aug 27 04:59 AM | Likes Like |Link to Comment
  • Prospect Capital results hurt by slow origination activity [View news story]
    Fees are actually down Q/Q.
    Aug 26 07:26 AM | Likes Like |Link to Comment
  • ONEOK: A Solid Choice For Dividend Growth [View article]
    6.5 swede,

    I am also surprised about the lack of coverage on OKE/OKS. They are a big, well managed, and have posted solid growth for years.
    Aug 21 01:15 PM | Likes Like |Link to Comment
  • ONEOK: A Solid Choice For Dividend Growth [View article]
    Clark,

    I have owned OKS since 2013 and only bought OKE after the spinoff of OGS. Both have provided outsized returns. Previously the yield on OKE was below my required level.
    Aug 21 01:13 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Inc: A Solid Choice For Dividend Growth [View article]
    Roc999,

    The GP has in the past reduced or all together waived its IDR take for a few years. For example, the tanker deals announced late last year had this arrangement.

    The problem with this method is it only a band-aid fix. The merger/consolidation is a much better long-term solution.
    Aug 19 01:10 AM | Likes Like |Link to Comment
  • Pengrowth Energy: A 7% Yield With Long-Term Upside [View article]
    fmarco,

    Dividends and capex comes from FFO, not GAAP earnings. This is due to added back deprecation expenses. However, I think you knew that already.

    As for if the distributions is a return of capital, you'll need to ask a tax professional.

    Below is a link to PGH's IR site regarding dividends tax information:

    http://bit.ly/1r7yQaU
    Aug 12 06:06 PM | 2 Likes Like |Link to Comment
  • Pengrowth Energy: A 7% Yield With Long-Term Upside [View article]
    Nicholas,

    The Halloween Massacre, when many royalty trusts went bust. I feel for you if you were long back then. However, this event was a long time ago and is no longer that relevant to the discussion.
    Aug 12 05:55 PM | 2 Likes Like |Link to Comment
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