another stock that i have bought lately, which seems like a solid income play with some growth as well, is DMLP
it's a limited partnership, and as such, i wouldn't want to own it in a taxable account, as i believe you would have to wait for and then file partnership information with your tax return...it may not be that onerous, but i can do without that extra burden
in any event, the company is set up as a limited partnership, and pays out all of its income in quarterly distributions...however, unlike most partnerships which have a declining underlying asset, DMLP earns royalties from gas and oil production on its properties, and since exploration is continuing on those properties, and production is increasing, the distributions are rising and seem to have the potential to rise for at least the near to mid term future
they just paid a distribution of .806 for the last quarter, up from about .57 the previous quarter, so the growth is excellent
i figure just the distributions make this one pretty attractive, but it appears to have growth potential as well
as always, JMHO |
