SPH - Surburban Propane Offers A Defensive 7%+ Yield But Potentially Warmer Winter And Debt Paydown Weigh
- SPH offers an attractive yield of 7.3% after a recent distribution cut.
- However, forecasts suggest the 2020/21 winter may be relatively warm especially in the southern and eastern U.S. where SPH has substantial operations.
- In addition, management is targeting material debt reduction which may cap any distribution increase for several years.
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Surburban Propane Offers A Defensive 7%+ Yield, But Potentially Warmer Winter And Debt Paydown Weigh