PAA - Plains All American: The Dividend Story Has Strengthened After Q1 Report
2024-06-18 10:55:27 ET
Summary
- In my latest article on Plains All American I made it clear that PAA is mostly a dividend play rather than an investment from which we could expect strong price appreciation.
- So far, the stock price has dropped, while the underlying fundamentals have become more supportive for a juicy dividend case.
- In this article I assess the details of Q1 earnings report and justify why, in my opinion, PAA is an enticing investment case for investors, who seek high and de-risked yield.
April this year, I issued an article on Plains All American (NASDAQ: PAA ) - Plains All American: A Buy Despite Recent Outperformance - where my thesis was bullish and focused on capturing steadily growing and increasingly more protected dividends....
Plains All American: The Dividend Story Has Strengthened After Q1 Report