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good buy today: NMM

Posted on 2/12/14 at 9:01 am
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 2/12/14 at 9:01 am
a solid MLP with great dividend.

Public offering of 5.5 mil of shares at $17.30
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 2/12/14 at 9:22 am to
quote:

a solid MLP with great dividend


quote:

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Monday, February 10th will be given a dividend of $0.4425 per share. This represents a $1.77 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend is Thursday, February 6th.


Looks like solid MLP, but think you just missed this dividend.

Price target of around $18.50+
This post was edited on 2/12/14 at 9:23 am
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 2/12/14 at 9:25 am to
I already own them. I just picked up more shares today
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 2/12/14 at 9:49 am to
quote:

I already own them. I just picked up more shares today

Nice, I like MLP's also.

Grandfather has made a decent fortune with them for decades and I've tried to replicate some of his moves.

KMR is my baby.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 2/12/14 at 9:52 am to
I'm in NMM, EEP, and EPD
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 2/12/14 at 9:52 am to
do you DRIP any of yours?
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 2/12/14 at 10:05 am to
quote:

do you DRIP any of yours?

Yes.

My major position is with KMR, it's handle differently. The dividend is paid in stock shares, so there is no tax event.

No DRIP needed.
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