so you should be happy with $0.011825 increase for the qtr. and the increase isn't to be compounded moving forward either. so you are misrepresenting the truth.
all etp investors should read the announcement twice and then read this J.O. response and laugh.
oh wait you must be an idiot to wait for 15 qtr and then some to get a $0.01 increase in the dividend and you want me to be happy?
Oh wait the collusion must be stiff with this ticker regarding the BROKERAGE houses? oh wait there is no collusion and record fines aren't being given paid out by the fraction of people who actually do get caught? Duh.
Come with a better argument then, sell your shares, man up and say yes "Kelcy and company are not doing right by their investors".
What a disappointed after waiting for over 14 qaurters.
This isn't the dividend hike we were looking for was it?
These morons are giving it a thumbs up, sell into strenght !! Send Kelcy and his entire team a message!
3 THUMBS UP? for what? wiating 4 1/2 years to get a an ANNUAL $0.045 distribution increase? hahahaha!!
you must think people are idiots? I wouldn't be buying anymore of this until they actually give a healthy increase in the distribution, not sure about you but a $0.01 increase in the quarertly amounts to a smack across the face!!
be carefull to note that ETE share price has a higher growth rate than etp than ete so its not just a straight comparison of distribution rates. ETE also is GP for regency. I own both since I need both growth and income.
if your so upset with ete\etp mgmt why don't you just cash in and move on ? The share price is high enough you should get all your money back plus distributions which compounded at over 7%.
ohhh wait I know you must be short ete and never imagined that the share price would ever get back to its old highs :) ha ha just another pumper dumper
Why do you think that everyone who buys using the DRIP will sell? It takes a while to get signed up. most DRIP participants are longer term owners according to ETP.
Can't wait to hear these J.O. who respond to this post?They should be ashamed and their parents didn't do a good job in raising a person with integrity.
I'll respond and ask how proud your parents are that they raised an ignorant imbicile that can't read....
ETP said in August that they would be increasing the distribution each Q by at least a cent per Q... They just gave us 1 1/8 cents... and odds are they will be giving that $.01125 every Q moving forward
That equates to a 12 cent increase on an annual basis...
I just used the available facts to respond to your imbecilic rhetoric that was filled with distorted incorrect "facts" of your own imagination
Then it will give back some of the gain, as drip investors got 5% discount if they use dividends to buy shares, and those people will sell to lock in profit soon ...
Where? Management said they were going to simplify the corporate structure and blend/merge RGP into ETP. Would think the rest of the SXL GP gets sold to ETE and another 50M units go away in a year. That alone gives ETP about .35 per unit every year. What happens to SXL and APU units? Would think ETP begins to seriously sell APU first and SXL second after putting the assets that fit into ETP. That would get us to two companies instead of 5!
Houston - ETE today is not overpriced. Like every company it is priced fairly because that is what someone is willing to pay. Know it sounds stupid, but it is correct in the short term. Longer term could ETE and ETE merge? Absolutely. What everyone misses is it could just as likely be that ETE is the surviving company. And neither is likely to happen for at least 5 to 7 years. How old will some of us be then?
Guess you think the same about the 5 MLPs who suspended their distributions and are not back up to the prior distribution level or there something like 12 MLPs that have cut their distributions in the last 2 years.
Your statments are insulting and show that you do not have a clue on how a company that made some truly bad decisions some years agho works to transform itself. Guess you would say that the people at Ford and GM are crooks too. They cut their payout, ETP did not even though they should have.
You cannot even do the mat correctly - the increase was a bit over .01 per quarter.
I do understand ignore.
Not convinced that ETE is overpriced. I think you miss one thing. Mgmt has already hinted that ETP will take out ETE. Their internal price targets are well north of $100. So I would expect yield compression to occur prior to the buyout. This is imperative for ETP to grow and for the company to streamline like EPD. Hard to say when it will occur but likely sooner rather than later.
Thanks for making the investor wait for how long? The distribution was increased May to August 2008 by $0.035 per qtr. to this past or current qtr. That is 5 YEARS ! These 2 J.O. and their CFO Martin Jr. Salinas Jr. just gave us a quarterly $0.007 (decimal places are correct, go verify) increase for a total of rounding off $0.04 annual? SERIOUSLY?
My bet is this is how they distribute out to make unwary investors into purchasing the ticker since they think the Chairman and BOD have pushed to increase the dividend!!
Don't be fooled,
Suggestion, sell into strength and don't look back.
Warn other retirees to jump ship this next pps increase if not sooner, the management staff is either poster children for down syndrome?
Take the $.04 annual increase and shove it.
Retirees, RUN!!! Tell your friends!! and RUN!!!
To the idiots who applaud it, put them on ignore they are here to play the game, called STEALING YOUR MONEY.
Please share such topics of conversation at the dinner table with others. They collude upon the lies collude upon the truth.
Can't wait to hear these J.O. who respond to this post? They should be ashamed and their parents didn't do a good job in raising a person with integrity.
Couple things here - ETP recently retired 50M units owned by ETE. Yes, you get a higher distribution EVENTUALLY if ETP is successful, but ETP has a 3% higher yield. If ETE raises their distribution by 8% and ETP 4% in 5 years ETP will distribute $4.40 and ETE $3.95. It actually would take about 8 years to get even. And is there is a problem at ETP, then ETE goes down twice as far because of the leverage.
Do not know how old you are, but I suspect a bit older than me. For soeone 70ish, investing in a product for bigger gains 8 years out makes little sense. Also note I do own both ETE and ETP. Just that my position in ETP is about 6 times larger - It was hard to pass up an investment grade 8.8% yield on my cost last year. Buying on bad news for a company that is turning around usually works.
Last, GPs with similar CAGR growth are yielding a bit more. At today's price isn't ETE a bit expensive? And yes all MLPs are a bit high along with most everything else.
How? They need to have an EBITDA ratio higher than today and a DCF coverage ratio of in the area of 1.2X for over a year. I am long ETP but you are not looking at the facts.
So did RGP, and CMLP.
If raising $0.02 per year brings a $2 gain in share price, they should do that more often.
I'm not bashing and am a long term holder with an average PPS of about 46 so I'm in the money. I've been telling others that with the DRIP, and no price movement, with the 5% discount, that equates to about a 12% annual dividend. People often don't mention the DRIP discount. I'm happy with the stock , and it is a good sign as long as the PPS increases as well as the dividend. I'm just not used to these puny increases but looks like they are on par with the other MLPs.