Center Coast Brookfield MLP & Energy Infrastructure Fund (CEN)

[ErnieBilco]

Anyone else get their divis today?

[nsomniyak]

Given the cash flow problems the underlying oil assets are having it is highly unlikely they will pay 9 cents per quarter.

CEN doesn't save any money by accruing monthly and paying quarterly. They save money by paying out less.

Going to quarterly also gives them a little more time to figure out how much than CAN afford to pay out.

[creede]

I hope so.

I will probably buy more. I'm hoping it bounces back.

It can't rain all the time.

[ErnieBilco]

Yeah, I read it after I was pointed in the right direction.

IT IS GOING QUARTERLY - Will have to wait to see what the rate will be. If it comes out 9 cents or better than it will still yield the same annual percentage.

[ErnieBilco]

Quarterly - Thanks for pointing to the right date to find it.

[Scotttrader80]

So much for swing trading this one, the monthly chase WAS the incentive

[creede]

Hey Ernie...

have you seen the release from March 26th?

In the coming weeks and months, PSG and the Fund’s Board of Trustees will continue to evaluate this very fluid, unprecedented market situation and the resulting impact to the Fund, and continue to act in the best interests of the Fund and its shareholders. This will include further review of the Fund’s distribution policy and a likely adjustment to the Fund’s future distribution payments so that distributions remain sustainable for the Fund. Going forward, the Fund plans to make distributions to shareholders on a quarterly basis, with an expectation that the first quarterly distribution will be declared and paid in June 2020. This distribution will be in replacement of the monthly distribution that otherwise would have been made in May 2020. The March distribution will be paid on Thursday, March 26th, and the previously declared monthly distribution for April is not expected to change. Payment of future distributions is subject to approval by the Fund’s Board of Trustees, as well as the Fund meeting the terms and covenants of any senior securities and the asset coverage requirements of the 1940 Act.

https://finance.yahoo.com/news/center-coast-brookfield-mlp-energy-030046686.html

[nsomniyak]

No - it will be quarterly going forward starting in June. Read the news item from 3/25/20.

[creede]

Here it is.

Not sure if it still pays .03 month but only paid out quarterly or just .03 every quarter.

https://finance.yahoo.com/m/6335aa1b-9b1f-307a-84b3-3c01a64f1203/ss_center-coast-brookfield-mlp-%26.html

[Scotttrader80]

Have you seen any announcement saying that?

[creede]

Hey is the CEN distribution quarterly now?

[Scotttrader80]

Over the weekend, oil has dropped to $15.00 a barrel, some analysts are calling or $2.00. Its dicey, the economy is shuttered no ones driving, no demand but the US is stock piling rebuilding its reserves for future demand.

Its quite possible CEN will drop in to the .70's. This virus has really messed things up.

[creede]

Sounds like a plan. Thanks for the info.

[Scotttrader80]

.96 - .98 anything under a buck is a good place to add, Funds generally give quarterly guidance meaning they dont announce the dividend monthly. Usually with monthly payers, the 3rd week of the month is where the low prints. Timing is everything when accumulating shares, the more shares you have the bigger the payout

[creede]

check

[Scotttrader80]

wait for the retrace next week

[creede]

Quick Question: I am rooting for the share price to fall even further because I plan on picking up more shares next week. That said, is there a danger of the stock falling so low it gets knocked off the NYSE?

I think it already dropped to .55 and survived. Just wondering the thoughts on this topic before I completely overload my portfolio with CEN. :)

[creede]

I added more shares today and want more.

Will wait and try to time the low next week. Best guesses on what day that will occur?

[creede]

Wow.

I am just looking at the chart for the first time. Had no idea how far this has fallen.

Gonna buy more.

What was the divvy when it as close to $20?

[creede]

Gotcha.

Thanks Ernie.

[ErnieBilco]

My TDAmeritrade shows it as part of the summary page.

If you have any others you need let me know

[creede]

Hey Ernie.

Thanks! Where do you find that information?

[ErnieBilco]

Looks like mid month

Ex-dividend Date Dividend amount
April 14, 2020 $0.03
Record date
April 15, 2020
Pay date
April 23, 2020

Past Dividends
Ex-dividend date Amount Record date Pay date
March 17, 2020 $0.1042 March 18, 2020 March 26, 2020
February 11, 2020 $0.1042 February 12, 2020 February 20, 2020
January 14, 2020 $0.1042 January 15, 2020 January 23, 2020
December 17, 2019 $0.1042 December 18, 2019 December 26, 2019
November 12, 2019 $0.1042 November 13, 2019 November 21, 2019
October 15, 2019 $0.1042 October 16, 2019 October 24, 2019
September 17, 2019 $0.1042 September 18, 2019 September 26, 2019
August 13, 2019 $0.1042 August 14, 2019 August 22, 2019
July 16, 2019 $0.1042 July 17, 2019 July 25, 2019
June 11, 2019 $0.1042 June 12, 2019 June 20, 2019
May 14, 2019 $0.1042 May 15, 2019 May 23, 2019
April 16, 2019 $0.1042 April 17, 2019 April 25, 2019

[Scotttrader80]

Like CEN all monthly divy payers vary, its best to go to their website IR to see their pattern, then you can mark your calendar watching for the low to surface.

Its all about the timing imo

[creede]

10 cents would be fantastic. The stock would pay for itself in a year.

On what day does CEN make their divvy announcement each month? Or does it vary?

[Scotttrader80]

CEN afterhours $1.30

http://thestockmarketwatch.com/stock/premarketQuote.aspx?stock=CEN

[Scotttrader80]

Ive never known a shell company to pay a dividend. That link will broaden your horizons. IMO CEN will reinstate their luscious .1042 cent dividend in a year or two. They need $60.00 a barrel oil to do it, so grabbing anything at these levels is a gift.

Still though a buck 20 stock paying .03 cents a month isnt such a bad deal. Remember the more you own the bigger the pay out.

In my experiance the best time to buy a monthly payer like CEN is within 3-4 days after the divy announcement, thats usually when the low shows up

GLTY

[creede]

Hey Scottrader80,

I have spent an inordinate amount of time looking at shell companies. For some reason none of them ever pay a dividend!

lol

Thanks for the link. I'm definitely ready to broaden my horizons.

[Scotttrader80]

CEN along with thousands of other companies pay monthly dividends,

take a look, they (DD) have an entire section on MLP's like CEN that issue 1099's versus K-1's for tax purposes

https://dividenddetective.com/

[creede]

I grabbed a small starter in CEN.

What a fascinating stock. I have never heard of a stock that pays out monthy divvy's.

[Scotttrader80]

Absolutely, CEN will continue to regain old territory as the world begins to settle down. Demand will be on the rise once this virus has found a vaccine aleviating these precautionary restrictions.

[AlwaysRed]

Loading here is a no brainer.

Lots of amazing deals still out there.

[Scotttrader80]

The OPEC terror is over, O&G will begin to resume its upward direction. I'd like to see CEN reinstate its .10 cent dividend, it wont happen overnight but they will eventually once their coffers are refilled. That'll push the sp back to the $8.00's at least.

[Scotttrader80]

Last .1042 cent dividend being paid March 26th. .03 cents per month then on out. Is a .50 cent stock worth a .03 cent dividend?

[hotel7473]

NAV sitting at $1.01. Currently trading at a 40% discount. The largest discount in the funds history.

[Scotttrader80]

Brookfield Public Securities Group
6:12 PM (3 hours ago)
to me, Brookfield

Good afternoon,

Thank you for your email. We appreciate your concerns.

You can access the Fund’s website via this link.

https://publicsecurities.brookfield.com/products/us-closed-end-funds/center-coast-brookfield-mlp-infrastructure-fund?id=192682

Brookfield Public Securities Group LLC is committed to ensuring CEN meets its asset coverage tests at the end of the month.

We updated leverage coverage data for the Fund as of March 13, 2020, (see the Leverage section on the Fund’s web page) however we also appreciate markets have changed significantly since that information was updated.

If you would like to discuss in more detail, our Investor Relations team is available on 855-777-8001.

In addition, we are happy to add your email address to CEN’s distribution list so that any public announcements made by the Fund are automatically sent to you.

Kind regards

Brookfield Public? Securities Group
Shared Mailbox
Public Securities Group
71 South Wacker Drive Suite 3400 , Chicago , Illinois , 60606
[e-mail]

[AlwaysRed]

Lots to load up on these days. Might be time for some option trading on a few things like......Oil!

[Scotttrader80]

CENs top holdings look to be solid companies. Unless the world switches to electric vehicles overnight O&G still rules.

https://www.cefconnect.com/fund/CEN

[leftovers]

What makes you think the 3 cent divvy will stay intact? It's a penny stock now!

[hotel7473]

I’m fine with the 3 cent divy. Just need the fund to survive. Getting very ugly.

[leftovers]

You mean holders of CEN have now lost 90% of their money and will takes years if ever to recover?

so who ever is holding, accept the fact that it will be years before CEN pays .10 cents again.

[Scotttrader80]

Incredible blood bath here but in line with just about every position in the market. Oil is under $25.00 a barrel. CEN is paying .03 cents from here on out until things turn around. It always takes a long time before a company raises its dividend so who ever is holding, accept the fact that it will be years before CEN pays .10 cents again.

[leftovers]

Not much left to see here! The carnage is overwhelming time to break down the tents and leave camp.

Probably a good idea to drag some twigs to cover the tracts to remind us not to return!

Y.I.K.E.S

[hotel7473]

10% under NAV and still a 20% divy even after the cut. Yes please! I’ll take 70,000 shares. CEN

[leftovers]

Center Coast Brookfield MLP & Infrastructure Fund (NYSE:CEN) declares $0.03/share monthly dividend, a -71.2% decrease from prior dividend of $0.1042.

Forward yield 15.25%

Payable April 23; for shareholders of record April 15; ex-div April 14.

[Sone]

Officially cut dividend.03

[Scotttrader80]

I am salivating at these prices hoping to see a buck by the x divy date next week. WOW what bargains across the board. Oil is hovering in the $32.00's. Most oil companies need $40.00 a barrel to break even. This short term hiccup will end once people arent afraid to go outside from this virus scare. Chinese resturaunts are closing by the droves. The shorts must be reeling with excitement as the markets continue to sell off.

[Scotttrader80]

GMZ is off topic for this board

[leftovers]

What makes you think they won't slash the dividend?

[TeaTrader]

Goldman Sachs MLP Income Opportunities Fund Reduces Leverage Amid Commodity Volatility

https://finance.yahoo.com/news/goldman-sachs-mlp-income-opportunities-003500799.html

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