Recent

% | $
Quotes you view appear here for quick access.

Ship Finance International Limited Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • marklibera marklibera Apr 26, 2012 3:24 PM Flag

    Some new High Yield Ideas....

    NRGY just announced a cut in their distribution and a sale of their retail propane business. The market liked the sale transaction. Going forward, their distribution will be $1.15-1.20 (minus propane -- that deal won't close until the end of the year, so unitholders will get 37.5 cents per quarter until that time), so when all settles out, the yield will be about 8% (1.20 on a $15 shares price post-sale).

    NRGY will be left with a wholesale propane business, IDRs and the GP interest in their midstream business, NRGM, and some nat gas and NGL storage assets which they will drop down into NRGM.

 
SFL
15.96+0.41(+2.64%)May 25 4:02 PMEDT