I have Schwab and recieved no distribution as of today (May 16th). Remember Schwabers you have to called to get the DRIP discount price. I did not know that until i owned this stock for two years, but I would like to thank the people on the board for letting me know.
I used edward d. jones
for my drip. they charged me 50.0289 per share plus 4.31 reinvestment fee. think something is wrong with this picture
Dar - Those at ETrade and Vanguard should make the opinions known by moving their account. What would probably be most helpful is to list those brokers who you know do not participate and those like Schwab who are a pain in the rear and require a call specific to get any Special payout. Ameriprise was in this category 2 years ago. Do not know today. I already know that TD wil post it on monday as usual at the corect price. Morgan Stanley posted the distribution yesterday and then does the reinvestment later when the get the shares/units from the trustee. Again if history is correct - on Friday or Monday
We know the discount drip price is 46.9557 for this distribution.
For those who get the discount drip price, please post to this thread, the name of your broker and the date (and time if you know it) the new drip shares are posted to your account. From recollection, AMTD pretty fast and Fidelity is very slow. Of course, no drip shares can be posted until they are released by the administrator.
Those who do not pay the above price, please shame your broker by naming it and posting the price you paid. Waiting to hear from drippers at Etrade and Vanguard. Also from Schwab if you do not get the discount price.
On 1/7/13 I put equal amounts of money into KMP and ETP within 3 minutes of the first fill and directed Fidelity to reinvest distributions. Fidelity participates in ETP's discount drip program and buys as many shares of KMP in the open market as the drip dollars will buy 3 business days before the pay date, which is today. While Fidelity has not posted ETP's drip shares, I know exactly how many I will get since I know the discount reinvestment price.
So, using yesterday's closing price of 50.11 for etp and 88.54 for kmp and including units purchased with today's distribution, total return on ETP since 1/7 is 15.26% while total return on KMP for the same period is 6.80%.
The above takes into account differences in distribution yield, etp's 5% discount for dripping, and price change so it is theoretically perfect on a total return percentage basis.
They are making more cash, way more cash. What I believed is coming true. Some simplicity to this mess of assets and more cash coming in. What we need is management to respect us and increase the dividend ever so slightly, just to show us they care about we owners. Get on a path of steady small increases. That is how you create value in shares. 4+ years of exactly the same. Management is discouraging value creation in OUR shares. A dividend increase is already a full quarter overdue. Lets go! Why isn't a dividend increase on my voting card? Respect the owners!
The average of the daily highs and lows for the 5 trading days ending today is 49.427. Thus, 95% = 46.95565 which will round to 46.9557 since they use 4 decimal places.
Gee, 46.9557 = 93.785% of 50.11, today's close. I can't wait to hear how much the Etrade and Vanguard drippers pay.
I wish Yahoo boards had an edit key...I mean "Don't get me wrong I love Linn..."
He is taking his frustration out on other MLP's because is getting dogged by Barron's. Don't get me I love Linn but ETP is no LINE. One is a driller the other is a pipeline.
Long LNCO & ETP
Come on, be serious. MLPs with close to 10% distribution growth per year get that kind of yield.
After years of no growth, it will take more than tiny distribution growth to get the market to give it that kind of yield.
I'd like to see 2 more quarters like this and an increase in the distribution to say .925 or more.... that would drive the unit price toward $60 and then Kelcy can issue more units....
IF they could start to bump the dist by just a1/4 of a cent a Q I think that will drive the unit price to the low $60s and a 5.75% yield
IF they were able to go to 1/2 a cent a Q we would trade closer to $70 with a 5% yield
What the FRICK are you talking about? I sleep UNDER the bed...BWAHAHAHAHA!
This guy has mental problems. Click his handle and look at the barrage of bad tidings. Almost like he's HOPING for something awful to happen everywhere. Must be crummy being locked up in that head.