In the old days, KMP routinely had Secondary offerings to finance expansions. The short term effect was a small retrace of share price but the price quickly resumed its trajectory. Many other companies, particularly MLPs employed the same strategy for financing new projects. Those projects became productive assets and added to the DCF.
My first reply got censored for mentioning the stock exchange in New York by its acronym and suggesting another site that uses the words on line after Quantum which is a fixed income site but both will give a better view of DD-PA which is a Preferred stock dating back to the 1930's. Every different site uses a different way of listing preferreds, some use a small p, some use prA, there is a tutorial on the latter site I referred to. Good Luck.
A 10% div carries a risk anywhere. Tempting ? yes. General market risk from the impending Fed raise has dampened the REITs and I believe debt levels differentiates as we await the FED. Low debt Reits will see less volatility when the news hits. I hold some NNN but GOV has some inherent management risks beyond market risk that prohibits me from investing there. Good luck.
Mutual Funds? They settle at the close of day price. Not sure when individual stock price is captured for dividend but believe it to be an end of day price since it goes EX-Dividend at the next day's open. The share price is then reduced by the div amount and that $ is put aside for payment at a later date. The stock begins trading at the lower price or ex-dividend. 'Ex' meaning without.
No IDRs paid to the General Partner (KMI) from KMP.
The tax bill came due at the switchover for KMP.
Wasn't there a settlemnt of the KMP holders lawsuit?
Today's market is it's own story, separate from KMP.
I held KMR and it's getting closer to my basis but I'm still ahead and can't take a Cap Loss and have decided to stick it out.
I came by GOV on recommendations to sniff around attracted by the yield. First off I see the Portnoys are involved. I don't care if the div is 25%, they are bad news. I am looking elsewhere, I suggest y'all do as well.
Check out FVE, SNH, and a few others of theirs. Looks like Ponzie to me. Bye, Bye.