PAA - Plains All American's 7.5% Yield: More Stable Than Meets The Eye
2024-03-28 16:57:10 ET
Summary
- PAA's dividends are important for investors betting on the long-term value of its assets in a changing energy landscape.
- PAA has made strategic changes to become a more stable company, including cutting debt and focusing on smaller pipeline projects.
- PAA's leverage has decreased, and its credit rating outlook has improved, indicating a potential for a rating upgrade in the future.
Investment Thesis
When investing in energy companies like Plains All American Pipeline ( PAA ), the unit distributions — loosely called dividends — are a big deal. And it's not just about investment returns. Here's why.
With all these electric vehicles cruising the streets, oil's golden years seem numbered. A long-term view might not feel urgent in 2024, but it's important for investors living off dividends....
Plains All American's 7.5% Yield: More Stable Than Meets The Eye