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Highlights Achieved record earnings of $233 million and adjusted EBITDA of $319 million Increased quarterly distribution to $0.855 per common unit Announced elimination of incentive distribution rights Secured $1.3 billion project financing for Gray Oak Pipeline Comp...
Reinforces Phillips 66 Partners as a premier MLP Permanently reduces cost of capital Aligns Phillips 66 and public unitholders economic interests Phillips 66 (NYSE: PSX ) and Phillips 66 Partners (PSXP or Partnership) (NYSE: PSXP ) today announced execution of a definitive ...
Introduction I'm a huge fan of dividend growth stocks and hope you are too. If you do, you are in the right place! I've compiled a list of stocks that are increasing their dividends next week. This gives investors an opportunity to start or add to a position to capture an upcoming payment. T...
I like monitoring dividend increases for stocks on my watch list of dividend growth stocks because I consider such stocks to be candidates for further analysis. Companies that regularly raise dividends show confidence in the potential growth of future earnings. I look for dividend increase a...
Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here . However, since this list is only produced once per month, the data in it can quickly get out of date. Fu...
Introduction Assumptions can be a useful tool when trying to examine the impact of a hypothetical scenario, especially when investing. For instance, it would be necessary to use assumptions when forecasting expected dividend income. When I perform a task like this, I like to establish a rang...
In a recent article, I ranked the Dividend Aristocrats using a modified version of David Van Knapp 's quality scoring system . The system employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points. Whi...
MLPs finished positive for the week, making it three straight positive weeks for MLPs to close out strong month of returns helped by a bounce back in oil prices and broad equity markets. Utilities were soft this week, and came in with first half returns below midstream and below the S&P 50...
Phillips 66 Partners ( PSXP ) looks all set to post higher levels of earnings and distributable cash flows led by significant growth in pipeline and terminal volumes in the coming quarters. The Houston, Texas-based master limited partnership will likely continue growing distributions while m...
Midstream overall had a strong week, keeping pace with the S&P 500 as it reached fresh all-time highs Thursday after the Fed's commentary was seen as bullish on expectations of a 2019 rate cut. MLPs underperformed after strong relative gains last week. Oil found a bottom and bounced hard...
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OVERLAND PARK, KS / ACCESSWIRE / March 16, 2022 / TortoiseEcofin today released additional information regarding the Ecofin Global Digital Payments Infrastructure Index quarterly rebalance for the first quarter of 2022. In addition to the announced changes on March 11, 2022, QIWI Plc will be...
OVERLAND PARK, KS / ACCESSWIRE / March 11, 2022 / TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the first quarter of 2022. Following the close of trading on March 18, 2022, the indices will be rebalanced and as...
LEAWOOD, KS / ACCESSWIRE / March 8, 2022 / TortoiseEcofin today announced that Phillips 66 Partners LP (NYSE:PSXP) will be removed from the Tortoise MLP Index ® (TMLP), and the Tortoise North American Pipeline Index SM (TNAP), as a result of the approved merger with Phillips 66 (NYS...