Dividend investing for retirement Message Board

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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (5297)	8/4/2010 2:54:47 PM
From: Steve Felix	Read Replies (1) of 34328

You are welcome EKS. I think this is one way the board can work in everyones favor. Maybe someone is interested, or maybe nobody is. And maybe I have some money like with PG the other day. We are all looking at different things throughout the day. We sure can't see it all. Don't know where the price of CPLP is going, but I feel much more confident than when I first bought after the recent distribution raise. Small, but they didn't have to do it. "In January 2010, the Partnership set its target annual distribution level at $0.90 per unit, which it believes is sustainable even if a low charter rate environment persists. During the first half of 2010, we have observed an improvement in the product tanker market from its historic lows and, as announced, the Partnership has made two accretive acquisitions of MR product tankers with charters of at least two years, thereby enhancing the visibility and stability of our cash flows. Following these positive developments the Partnership has revised upwards its target annual distribution level from $0.90 to $0.93 paid equally over four quarters, commencing with the payment of the third quarter 2010 distribution."

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