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Strategies & Market Trends : Dividend investing for retirement

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To: robert b furman who wrote (21730)	1/30/2015 9:40:39 PM
From: Elroy	Read Replies (2) of 34328

Shipper CPLP reported Friday morning, the market seems to like the results. It sounds like they are going to increase the 23 cents quarterly distribution in Q1 2015. I still have no good idea why these guys fell from around $11 in Q3 to $7 last quarter. Probably still not too late to buy it, it's about $9 now, and paying 92 cents per year, so a yield of 10% or so. MLPs which increase their distributions tend to trade around 5% yield. If anyone knows why this one yields so high I'd love to hear it. === "We are very pleased to see the improved operating surplus of the Partnership for the fourth quarter 2014, which reflects the employment of the Partnership's fleet at higher daily rates. In addition, we are pleased that the strong fundamentals of the product and crude tanker markets are increasingly reflected in their respective period markets. Another positive development is the emergence of profit sharing into our trading operations. A number of our product and suezmax tanker charters expire throughout 2015 and we expect to take advantage of the improving market conditions going forward. This should provide us with the opportunity to employ these vessels at higher rates and for longer periods. In the previous quarter, we agreed and secured both debt and equity financing for the addition of three eco wide beam container vessels and two eco MR product tankers in 2015. Given the improving backdrop of the underlying markets, we remain convinced that the Partnership has entered into a new growth phase. We expect that this will provide the basis for reviewing the Partnership's annual distribution guidance with an eye toward an upward revision in the first quarter 2015, concurrent with the expected timing of the delivery of the first of five agreed vessel acquisitions from Capital Maritime."

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