After last quarter's "dynamics", I'm taking a much more conservative approach to the MLP dividend plays this quarter. Specifically, I'm waiting until the actual dividend declaration occurs, then getting in for a brief "run" to ex-div. While this approach admittedly limits the potential for catching them at the elusive quarterly low, it similarly limits the duration of the play (OK, the duration of the EXPOSURE is actually my current mindset).
So far, so good - PAA declared on 7 Jan, and I've already gotten in and out for a double this week. Probably leaving money on the table, but I'm not inclined to screw around this quarter.
Tomorrow is the 18th gents.
While I know that a portion of NMM's dividend is a R.O.C., declaring its .4425(firstname.lastname@example.org) dividend may induce a spike in pps.
NMM has raised its dividend 10x in the past 5yrs, so I do not see a reduction any time soon, and definately this quarter.
If anything, because of NMM's pattern of dividend increases in the past 5yrs., one may be able to expect a rise in NMM's divvy either this quarter, or sometime during the rest of the year.
I'm looking for a short-term trade with NMM so the R.O.C. will not complicate my taxes any.
I might buy on a dip today, and if none, at close.
Any analysts out there caring to weigh in on my prediction of a rise in pps into the ex-date worthy of a NMM buy at these prices?
Imo, a normal dividend(.4425) will inspire a runup, and an div. increase would further bolster that run leading toward the ex-date.
Thanks again to the helpful and intelligent members of the best mb on yahoo,
Perhaps, on some of them. Many stocks have been pretty green so far this month, not just the MLPs. I'll let you know if I'm able to squeeze some gains out of the MLPs once they declare. Again, just keeping it pretty tactical this quarter!