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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (32812)	6/4/2020 8:55:25 PM
From: Elroy	1 Recommendation Recommended By Graustus Respond to of 34328

so dividends accrue in the rears. Dividends that accrue while they are temporarily (hopefully) suspended "paid in arrears". It has nothing to do with their bottoms, ahem. UAN has had a nice move, yes, and hopefully still undervalued. I recall it sat around $3.00 from 2016 to 2018 while not paying dividends. In the end, I think the company's fate is tied to the market price for UAN fertilizer, which I have no good way of tracking. Hopefully it's moving higher. UAN did announce in the previous Q call that they have moved the 2020 turnaround (which was going to close one of the plants for ~4 weeks in Q3 2020) into 2021. So.......they've got the rest of 2020 with hopefully both plants running at 100% uptime (unless something breaks). The main X-factor is the final sales price of the product (the fertilizer). If they can just spit out a small distribution in Q2 (for example, a dime) would the shares go back to the $3 level? Maybe. Maybe not. But it could be a massive winner from the 90 cents level of earlier this week. Or the price of UAN could decline for the foreseeable future, UAN never pays a distribution again, and eventually goes bust. Who knows? The company did announce a $10 million unit buyback in the Q1 call. I wonder if they'll buy any units? It would have been great if they could have spent all $10 million with the unit price below $1.00, and then distributions resumed. But I don't think there has been close to enough volume since the announcement to get 10-12 million units purchased.