AMNA News and Press, ETRACS Alerian Midstream Energy Index ETN From 09/10/21

With broad market indexes and income sectors like REITs and utilities hovering near all-time highs, the yields for many equity income investments are noticeably lower now than in the past. This note briefly discusses the income challenge facing investors and how allocations to midstre...

Energy equities retreated from their relative highs in June as the Delta variant spread, the value trade sputtered, and oil prices weakened following the OPEC+ announcement in July. While midstream sold off with oil and energy stocks, the fundamental picture for midstream improved in ...

For the Alerian Midstream Energy Index (AMNA), a broad midstream composite index containing both MLPs and C-Corps, 35 of 36 dividend-paying constituents raised or maintained their payouts sequentially. For the Alerian MLP Index (AMZ), 25 of 26 distribution-paying constituents raised o...

When looking at the yield tables attached to the end of this note, it seems that most of the Alerian and S-Network indexes are trading at yields below their five-year averages. Does this mean these yields are insufficient? Not necessarily. Although dividend yield can provide a pic...

Compared to other income-oriented sectors like bonds and REITs, closed-end funds (CEFs) have considerably higher yields. Currently, the S-Network Composite Closed-End Fund Index (CEFX) has a yield of 6.97% and the S-Network Municipal Bond Closed-End Fund Index (CEFMX) has a yield of 4...

The Midstream/MLP space is leveraging a favorable energy environment to selectively divest assets with a view to improving financial flexibility, enhancing shareholder returns, and advancing long-term objectives. A more stable macro environment has paved the way for additional private...

As the financial implications of COVID worsened in early 2020, midstream yields increased to peak levels due to overall weak equity performance, and multiple midstream corporations and MLPs cut their dividends by 50% or more, though cuts were biased to smaller names in the space. Sinc...

Since proliferating the midstream/MLP space in the second half of 2020, buyback programs have provided a tailwind not seen in past recoveries. Spurred by strong cash flow generation, midstream management teams are incorporating buybacks into their capital allocation mix to support equ...

For the Alerian Midstream Energy Index (AMNA), a broad midstream composite index containing both MLPs and C-Corps, 36 of 37 dividend-paying constituents raised or maintained their payouts sequentially. There were no dividend cuts among constituents of the Alerian MLP Index (AMZ) or Al...

President Biden supports raising the corporate tax rate from 21% to 28%, and the Biden Administration has also proposed raising the income tax rate for the highest earners from 37% to 39.6% and increasing the rate on capital gains and dividends from 20% to 39.6% for those with annual inco...