The div rise was well known long before their last statement, Obviously it was baked into the pps and that's why no big jump. Think about it, an 8+% div is nothing to complain about. IMO the high yield is due to the uncertainty over their propane sales in a warm environment and the integration of the Inergy purchase. This winter has been colder than last year, but no killer. Doubling their sales sure helps, but we need some real sustained cold weather to make them shine again. My guess is this stock to be at 70-80 one day.
"We are pleased to reaffirm the increase in our annualized distribution rate to $3.50 per Common Unit that was previously announced on April 26, 2012 in connection with the Inergy Propane acquisition.
The distribution increase is .09 cents per unit, so if you have 1k shares it amounts to 90 bucks...
I'll take it but its' not enough to get investors in. Though in bull markets dividend players move in
before x-div then exit, this being an MLP I have no clue if it pays to do that. When you recieve distributions from an mlp ITS TAX DEFERED until you sell it, then you have to add in all the distributions to your cost basis UNLESS you die, in that case you keep all all teh distributions and whomever inherits it values the units at price it was on the day you drop. NIce isn't it ;) ?