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Post by xray on Nov 17, 2021 17:53:18 GMT
Zacks
Best Income Stocks to Buy for November 17th
Zacks Equity Research
Wed, November 17, 2021, 9:39 AM
ATCO-PI
-0.11%
GLP-PB
+0.26%
BX
+0.31%
Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 17 [ATCO & BX omitted because of low dividends]:
Global Partners LP GLP: This company that owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 10.23%. Its five-year average dividend yield is 11.17%.
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Live Long and Prosper....
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Post by xray on Nov 18, 2021 18:18:02 GMT
ECC
Looking at my earlier post on a different string, You might want to look at ECC [adding a special distribution]:
DISTRIBUTIONS
The Company paid a monthly distribution of $0.12 per common share on October 29, 2021 to stockholders of record as of October 12, 2021. Additionally, and as previously announced, the Company declared distributions of $0.12 per share of common stock payable on November 30, 2021, December 31, 2021, January 31, 2022, February 28, 2022 and March 31, 2022 to stockholders of record as of November 10, 2021, December 13, 2021, January 11, 2022, February 8, 2022 and March 11, 2022, respectively. The ability of the Company to declare and pay distributions is subject to a number of factors, including the Company’s results of operations.
Distributions on stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the calendar year.
SPECIAL DISTRIBUTION
The Company today declared a special distribution of $0.50 per share of common stock payable on January 24, 2022 to stockholders of record on December 23, 2021.
Record Date
Payable Date
Amount per common share
December 23, 2021
January 24, 2022
$0.50
Upon finalization of the Company’s 2021 taxable income and based on current estimates, the Company expects to declare one or more additional special distributions during 2022.
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Comment: Something to look at if/when looking for a income stream in a difficult "volatile" market. ECC had a MktPrc of 15.22 in early trading. If we use that MktPrc we will show a current 13% distribution through march of next year. Something to think about when doing the analysis [against other securities in question]....
Live Long and Prosper....
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Post by xray on Nov 19, 2021 12:20:23 GMT
MoneyWise
With inflation at 30-year highs, these income stocks yielding as high as 10.2% can help you win the battle against soaring prices
Jing Pan
Thu, November 18, 2021, 5:25 PM
With inflation at 30-year highs, these income stocks yielding as high as 10.2% can help you win the battle against soaring prices Inflation is on a white-hot tear.
U.S. consumer prices surged 6.2% in October from a year ago, marking the biggest jump in 30 years. Whether central bankers believe inflation is short-lived, prices are on the rise right now. Just take a look at how much you spent at the pump or grocery store last time and compare it with the figures from a year ago.
To preserve purchasing power, investors usually turn to assets like gold and silver during inflationary times. But dividend stocks are another option.
If a company can provide a rising stream of dividends over time while appreciating in value, that can give you a hedge against inflation.Of course, due to an extended bull market, most stocks don’t pay much these days. The average S&P 500 company yields just 1.26% at the moment.
But there are companies with much more generous payouts. Here’s a look at three dividend stocks with above-average yields reaching as high as 10.2% — a stock like these might be worth pouncing on with some of your spare change.
Global Partners (GLP)
If you really want oversized yields, you may have to look at the lesser-known stocks — like Global Partners. Structured as a master limited partnership, Global Partners is one of the largest independent owners, suppliers and operators of gas stations and convenience stores in the Northeast. At the same time, it is a leading wholesale distributor of fuel products and is involved in transporting petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada.
The business pays quarterly distributions of 57.5 cents per unit, which comes out to a staggering annual yield of 10.2%. In the trailing 12 months as of Sept. 30, Global Partners’ distributable cash flow covered its payout 1.1 times after factoring in distributions to its preferred unitholders.
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Disclosure: Some of us continue to hold GLP in our portfolio's....
Live Long and Prosper....
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