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To: Area51 who wrote (63506)3/20/2020 2:08:46 PM
From: Area51  Respond to of 78464
 
Ok I guess that UAN dividend was just an illusion. So not an income play anymore.
Message 32561671



To: Area51 who wrote (63506)3/20/2020 2:17:16 PM
From: E_K_S1 Recommendation

Recommended By
Area51

  Read Replies (1) | Respond to of 78464
 
I am not expecting any dividend but it is really a function of the fertilizer prices. They pay a variable dividend so not unusual for them to stop paying when operations (in any quarter) do not book a gain.

It is planting season and I see other fertilizer companies are higher so maybe they can book some long term delivery contracts w/ some of their farmers which may/could provide sufficient revenues to book a profit.

So, be careful w/ these MLP's that pay variable dividends. They only pay when they book a specific profit above operating expenses (including maintenance).

EKS