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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (5296)8/4/2010 1:37:27 PM
From: E_K_S  Read Replies (2) of 34328
 
RE: Capital Product Partners L.P. (CPLP)

Started a small position in CPLP today in the IRA account. I have been buying SFL exclusively and am overweighted in that name. CPLP looks attractive as a dividend producer as long as they do not stumble on their large debt load. This one looks to have a good dividend yield (9.8% vs 6.7% for SFL) and it's selling xdividend today at a reasonable price. Will evaluate further accumulation or just use the dividend streams from SFL & CPLP to buy other dividend paying companies in different sectors.

Based on their competitors, cplp has the lowest PE (among GMR & OSG) with still a large enough market cap to be a player in the industry. Their average fleet age is relatively new and many of their ships participate in profit sharing agreements that allow more upside earnings (per vessel) as contract term rates rise.

Thank's for the heads up.

EKS
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