I recently looked at buying into this propane MLP space and compared distributions of APU and SPH. I was happy to see them around the same level of 6%. When I looked at balance sheets between both firms I was surprised to see so much disparity. My source of balance sheet data is suspect (Yahoo). Before I give up on one or worse yet buy the other. Can anyone tell me a better source of current financial data?
The dividend is a return of capital and not taxablle until you sell the stock. Then you add all the div et al retrun of capital to the price of the stock and if you have a cap gain you could be only paying 15%