Tue, Jul 29, 2014, 4:09 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

PetroLogistics LP Message Board

  • quantuon quantuon Apr 10, 2013 4:14 PM Flag

    Out of curiosity...

    where would this trade if they went for a fixed 35c quarterly dividend?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Do you think anyone would trust that the 35 cents would be sustainable? Maybe after a while, but considering the (short) track record of not making the 35 cents, I suspect people would still want a pretty high yield. But what's a high yield today? Maybe 8 or 9%. Still a better price than today.

      Compare CLMT with any of the newer refiner MLPs. CLMT tries for a sustainable, level distribution (since it cut its distribution a few years back), while the newer refiner MLPs just pay out whatever cash flow they have for the Q. The new ones yield somewhere between 12% and 17%, depending on how optimistic you might be, but CLMT trades around 7%.

      Actually, I like the variable payout for a portion of my MLPs. If the MLP pays out all of its cash flow, it can't waste the cash flow on bad acquisitions.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.