Or better yet, how about a penny and a half to bring our quarterly distribution to $.70? Yes, I know it's more likely that CLMT will keep the distribution at $.685. Still, a small bump wouldn't materially affect CLMT's quick ratio, and yet it would be a bullish signal of positive, upcoming earnings.
"....685 that they can't even cover..." Their coverage ratio for the past two quarters was 1.6. With crack spreads increasing, I figured that they could increase the distribution. But, it may be that they want to use the extra DCF to help pay down debt. We'll look forward to earnings.
Their coverage ratio for the past two quarters was 1.6. So, while their present ratio was a lot better yoy, I was still expecting a lot better than 1.3. Still, the PR intimates that better times are ahead.