Provides Terminalling & storage services for petroleum products, Natural gas gathering, processing & NGL distribution, Marine transportation for petroleum products, Sulfur gathering, processing & distribution & Fertilizer manufacturing & distribution.
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For dividend stocks, I like a payout ratio of about 50%. That means that each dollar earned is split evenly between the shareholder's dividend payment and reinvestment into the company. MMLP currently has a dividend payout ratio of about 250%, which is too high for me.
Hi Jack Caps, While I look at the payout ratio it is really just a starting point. If MMLP can issue debt or equity to investors hungry for the yield, use it to expand their business (or in this case ride out a bottom in the nat gas business) and pay dividends, all while keeping debt and cash on hand level, I'm fine with a 256% payout (as recorded by Yahoo for MRQ). The payout ration keep in mind is a point in time snap shot- companies who took a tack of increasing or decreasing their dividend each quarter based payout ratio would not please investors. Investors want to see that a company can manage its financial position for the long term, and that includes dividend payout.
So again, to re-iterate, I am not concerned about the payout % after reviewing the balance sheet and cash flow, and recent PR. Yes they are funding through debt