Company says margins in 3Q are about the same so far as 2Q. So I expect around 70c again. They also say that they can and would get capex from the parent to preserve the distribution (in the transcript and confirmed by IR). If they only average the 70c per quarter, that's a 19% yield on $14.50. You'd think that would be a great bargin and it would not stay down here for very long. But what the hell do I know, I bought above $15.
Hey bubba, as PPS goes DOWN your Dividend appears larger but NOT your "yield" unless you conveniently disregard the price you bought in.
You know-nothing should NOT post as your then prove your ignorance.
"as PPS goes DOWN your Dividend appears larger but NOT your "yield"
The dividend appears larger? The 'distribution' (not dividend) is whatever the company pays - it doesn't appear larger or smaller based on unit price).
The yield does go up as the price drops, but not your yield-on-cost, is what I think you meant to say.
You are just as confused as the others.
May be you should have read his post before you started yelling at him dontcareabothers me? You are assuming he will not average down? Perhaps you will be happier if everyone shuts up? Money lost makes us agressive and abusive?