just popped from 64. to 67.90 this morning, ETP from 50.04 to 52.50. Some big money must be thinking BLOW OUT earnings after bell today? I have 3800 shares for 3 and 4 years with no Div. increase. Would love to see 55 again!
I really believe that a distribution increase will happen in the 3rd quarter. I know everyones heard this story several times before. I did not buy into a distribution increase in the 1st or 2nd quarter (yes there were moments of maybe after reading a few articles) but 3rd quarter I truly expecting an increase. I think an increase would bring ETP up to $60 in 2 to 5 months. We need a solid quarter after the market close.
They stated pretty clearly $.01 increase in September, another $.01 increase in December and continued increases from there on. With all of the assets coming online and this new structure we could be seeing 8% to 10% or higher annual increases. WPZ just stated they intend to increase dividends by 20% per year in 2014 and 2015. things are finally starting to move for ETP and other mlps.