They eat the little guy for lunch, probably the service you will be using next. Their business model is very capital intensive, delivery trucks, storage tanks, transportation, safety mandates, labor, unstable prices, operating margins. APU has the backing to maintain, and service the customer. Now if you are a commercial customer and depend on propane to run your business needs, that's very important, along with a contract at a set price. Good company's have a good business model that makes money, and takes great care of their customer. You get what you pay for!
That's because it isn't a dividend, it's a distribution.It comes from the cash flow, part of which is profit and part return of capital. This is a partnership not a corporaton, the rules are different. and the tax reporting more complicated.
There is only one reason for a stock split. It is done to lower the cost of shares to make it more attractive for those with only a small amount to invest. There is not benefit tp a current stock holder. Your shares will still be worth the same amount they were before the split. While it might provide you with an illusion of owning more shares, it is the bottom line worth of the stock which is important.
With a share price at 45 there is not reason for a split. Its price is already low enough. If it rose to 100 per share then a 2 for 1 split might happen since it would lower the price of a share.
Actually if you think about it there is really no reason for a stock split unless the stock is selling for several thousand dollars per share such as Berkshire Hathaway. Several decades ago odd lot purchases had 1/8 a point tacked on by the market maker. So the per share price of of an odd lot purchase which was less then 100 shares cost 1/8 a point per share then the price of 100 shares. But that was stopped a long time ago.
Why bother waiting for an investment like APU to split? So you can see more shares on your statement? So you'll have an entry in Quicken besides "Dividend?"
Agreed. Amerigas has always been very efficient by me.
As reliable and much better feeling heat vs. electric.
My tank is always prepped 24/7 by them.
You sound reactive. Indicating that your buying tanks, and then some how or other, able to get any local supplier to come out and fill you up without a long term contract?
There are as you indicate, options. Perhaps even better ones than digging up buried tank or posting a lot of negativity without local references to allow your readers to validate your claims. Some might even be willing to lobby the company in your support.. If it's really as serious as asserted.
Can you name who is offering better prices? And will they fill you up on demand for the same price every
season - guaranteed? Fuel oil delivery has at times resulted in local price variation, as well as discounted
Propane has always been subject to price changes, some times seasonal, some times based on
long term trends, or local demand.. I noted my area was influenced by commercial use, or when new
companies came to town.. Any chance your area is being lured by providers offering teaser rates?
Thirty-four years ago, I ran a dual fuel F-250 crew cab pulling my utility trailer used for trade work going coast to coast each winter/summer season.. Fuel could be switch on the go between 100 gal. propane tank, or 30 & 18 gal. gasoline tanks.. The set up allowed optimum range and power, efficient travel out on the roads going coast to coast.. Amazing to me was how the price of fuels would change, state to state, or added local taxes.. Gasoline might be high, propane very low, region to region. Options made the travel interesting as my fuel guzzler had a range of about a thousand miles.. Some suppliers were pleased to fill me up, with my out of state plates and license without application of local taxes.
All were friendly, all willing to perform a service, and fuel me up... Of course make their necessary profit. Some got to recognize me, but not a hint of gouge desire.
No matter what, your frustration lacks support and ability to gain deeper understanding of your case..
Have read your post 2x, still don't understand it.
I'm very happy with my Amerigas service. Competitive prices and very prompt.
Their business model in a nutshell: Give the propane tank to the builder and lock in the contract for "life". Charge homeowner 100% more than the going rate because they are forced to use Amerigas. Lower customers rate if they raise %$#$# but then raise it back up every March. DON;T SIGN UP FOR AMERIGAS PROPANE SERVICE! I got the last word. I have 19 neighbors who are all digging up their tanks and getting a replacement tank that we can get filled by anyone. We were able to negotiate no cost to dig up the Amerigas and a very fair amount to install the new companies tank.
BTW - Amerigas refused to sell their tanks to us so instead of making$15k or so they could have gotten on the tank sales now they can come get all these for free.
stock spits mean nothing. If there was a 2:1 split, the price would be half and you would have twice as many shares. at the end of the spit your value would be the same .
The next ex-date is 8-7-2015. As has been stated, you must buy the stock BEFORE that date. The stock will drop after the ex-date,in this case about $0.92/share.
You may want to look at ETP-BPL-MWE. Each of these stocks have spit and the price of the stock is above the previous split price. Each of the stocks split 2:1. These stocks are all Oil & Gas pipeline stocks. Each of these stocks pay a nice dividend.