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  • Forecasting Q3 GDP 2nd Estimate: Gazing Into The Crystal Ball [View article]
    Nice article. I always look forward to your posts and read them with care.
    Nov 24, 2015. 09:00 AM | Likes Like |Link to Comment
  • Energy Transfer Hammered: What Are My Units Really Worth? [View article]
    @left: I hope you are right, especially about the Fed hounds. But the hounds are baying for more than a rate hike. They want the Fed less independent. That is the agenda I see.
    Nov 10, 2015. 10:47 AM | 1 Like Like |Link to Comment
  • Utility CEFs Are A Diverse Group But There's Not A Buy Among Them [View article]
    Regarding DNP: It started life as Duff and Phelps Utility Income Fund and then broadened its perspective. Nearly all its holdings are utilities, and it recently added MLPs. It has paid a monthly dividend since 1987; it has paid a flat $.065 monthly dividend since the mid-1990's without a a reduction.

    However it has a $-.3988 negative UNII, which bothers me a lot. All those years with with a steady payout, through good times and bad, and such a high UNII?

    A high negative UNII is typically a sign of impending payout reduction.

    Is the payout at risk? Thoughts anyone?
    Nov 10, 2015. 08:34 AM | Likes Like |Link to Comment
  • The Coca-Cola Company Is Priced For Near Double Digit Returns [View article]
    Terrific analysis. I compliment your straightforward style. I am going to click "follow" after this contribution.
    Nov 8, 2015. 09:23 AM | 2 Likes Like |Link to Comment
  • It's About Time For This Dark Horse REIT To Make A Run [View article]
    Excellent article. However, according to the NASDAQ website, LXP paid four dividends of $.17 each in 2015. Your chart shows $.69 paid in 2015.
    Nov 6, 2015. 12:17 PM | Likes Like |Link to Comment
  • A Closer Look At Kinder Morgan's Q3 Distributable Cash Flow [View article]
    I want to echo what "rip" said in the first comment and Nigel Kelly said later: This is a terrific analysis. Great job.

    I am a nervous KMI owner and may reduce my holdings (at a significant loss). I once purchased New York Central Railroad (no, I'm not that old; I started buying in high school) and followed it from "a great dividend" right into eventual bankruptcy. Never again.
    Oct 31, 2015. 08:35 AM | 2 Likes Like |Link to Comment
  • Panic In The Pipelines? [View article]
    Rose, I am sure you are aware that most tax software packages make easy work of a K-1. I even import EPD's and APU's K-1s right into the software. No data entry.

    If, however, you are talking about the deferred tax liability of owning partnerships, no software can solve that challenge. One of the two things that are certain is that you will be taxed on your deferred payments from MLPs if you sell! (Not your heirs, though.)
    Oct 6, 2015. 09:30 AM | 2 Likes Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio [View article]
    Almost right? I can live with that. Can I introduce you to my better half? She rarely gives me an "almost right," so I like yours. Just another reason why you seem to strike a chord here on SA.
    Sep 17, 2015. 05:34 PM | 1 Like Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio [View article]
    Hi Rose,

    Love your work; I always scan for your comments on SA articles.

    Can you help me out? You say:

    "You are entitled to the dividend if you were on record and even if you sold it after the record date."

    I believe you are entitled to the dividend even if you sold it after the EX DIVIDEND date. The ex dividend date is a few days (3) earlier. Am I wrong?
    Sep 17, 2015. 09:11 AM | Likes Like |Link to Comment
  • Chevron At 5% Dividend Yield - Is It Finally Time To Fill Up The Tank, Or Is The Tank Empty For Good? [View article]
    I agree with the asymmetry argument; it is a good one. The difference for me is that I do not invest for total return but for a growing income stream. I really want to avoid the total return vs income discussion, so let's agree your point is well made.

    As for the bear market and oils being beaten down enough. I don't know, I think that idea requires some links that may not prove to be there. But to each his or her own.
    Aug 19, 2015. 03:29 PM | 2 Likes Like |Link to Comment
  • Chevron At 5% Dividend Yield - Is It Finally Time To Fill Up The Tank, Or Is The Tank Empty For Good? [View article]
    For me, the yield is not enough reason to hold a slowly growing dividend, even if it is secure. I can get that with better safety elsewhere, AT&T is one that comes to mind as I type; SE - in an allied industry - is another.

    Chevron is a good company and the current dividend appears safe to me. But near term GROWTH in the dividend will be very slow and future growth will be hampered by the need to re-start capital expenditures. So I got out. I sold four batches (I had a big position for me) and made money on all but the last. Best wishes to those of you who have stayed in the stock; again, it is a quality company.
    Aug 19, 2015. 12:52 PM | 3 Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? - Part 2 [View article]
    This was a fine discussion of your thinking and how you use outside ideas to influence your conclusions. I too own KMI - it is my sixth largest holding. I will hold all of it for now, but as outside ideas lay out the case that oil prices could stay low for much longer than I had anticipated, I may be compelled to reduce or eliminate my holdings at a loss. Such is life. But I am out of Chevron, most lots at a gain. And I put the money into SE which has been hit about as hard as KMI. This part of my portfolio is "the house of pain" to quote Kramer.
    Aug 17, 2015. 04:15 PM | 1 Like Like |Link to Comment
  • 2 Schools Of Thought - Evaluating The Viability Of Energy Firms Given Low Oil Prices [View article]
    What a great analysis! I have to re-read it to make substantive comments, so I will be back.
    Aug 17, 2015. 01:18 PM | 3 Likes Like |Link to Comment
  • Digging Further Into Chevron, Preemptive Dividend Cut Likely [View article]
    @PaulC - Yes, I read that and I got some comfort from it. But since then oil prices have taken a double dip. A BP executive said oil companies must "prepare for lower, for longer." Chevron will survive by cutting capital expenditures, but it hinders dividend growth, especially in the next five years or so.

    For me, "growing it" as Chevron's CEO said, means growing the dividend at a more than minimal level. I told my young son-in-law to buy Chevron; at the same time I was selling because, as I said above, I want more income when I am ancient, which isn't far enough away for me to wait for CVX's real dividend growth.

    So it comes down to when you need the money from CVX's dividend. I do not disagree with CVX bulls, it just is not appropriate for me.
    Aug 16, 2015. 09:18 AM | 1 Like Like |Link to Comment
  • Digging Further Into Chevron, Preemptive Dividend Cut Likely [View article]
    I have stated in another CVX post that I recently sold all my holdings. I have done so in steps, but I did it in response to debates like these. Here is the core of my reasoning: I invest for yield and sustainable GROWTH of the dividend. These articles (whatever their merit) and the disagreements that follow mean that CVX will face slow dividend growth at best in the near future.

    CVX may sustain or even increase the dividend by a penny or two, perhaps by cutting capital investments. But that leaves them behind the curve when (maybe if) oil prices go back up. Later catch-up investment means slower dividend growth even after we have crossed the (oil price) valley. I reluctantly sold for this reason.

    I DEMAND SUSTAINABLE DIVIDEND GROWTH. I left Intel because it failed in this and I now have my skeptical eye on Proctor and Gamble. Can PG sustain dividend growth? TBD.

    These are hard decisions, but when I am ancient I want an income stream that has outpaced inflation.
    Aug 14, 2015. 09:29 AM | 4 Likes Like |Link to Comment