ETRN - 2020 Vision: What's The Outlook For Midstream/MLP Dividends This Year?
With many investors using energy infrastructure in income portfolios, the outlook for dividends (or distributions for MLPs) comes up in almost every investor conversation. For quite some time, we have characterized MLP distribution growth as moderating from the old days of 6-8% growth. This cautious tone related to a number of factors, including distribution cuts in recent years, backdoor cuts related to consolidation transactions, the shift to equity self-funding, and the sentiment that the market is not properly rewarding distribution growth. So much focus has been on MLP distributions that C-Corp dividends have been somewhat