AMUB - Midstream And MLPs: Bring On The Buybacks

November, 11 2020 08:00 AM ETRACS Alerian MLP Index ETN Series B due July 18 2042

With double-digit yields common across midstream, payouts feel largely underappreciated by the investment community, and those elevated yields make the case for stock repurchases all the more compelling.
Third-quarter earnings announcements saw five new buyback authorizations in the midstream space, bringing the total number of companies with buyback programs to 13.
For midstream investors, the proliferation of buyback authorizations is a welcome development and provides tangible benefits of the anticipated free cash flow inflection in the space. Importantly, buybacks can help support midstream equity prices into a macro recovery.

For further details see:

Company Name:	ETRACS Alerian MLP Index ETN Series B due July 18 2042
Stock Symbol:	AMUB
Market:	NYSE