NGL Energy Partners LP (NGL): Page 7 on the CC transcript posted by SA...

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pete807

Re: koen2 post# 2481

Friday, 06/01/2018 11:23:33 AM

Friday, June 01, 2018 11:23:33 AM

Page 7 on the CC transcript posted by SA

We declared a $0.39 per unit a $1.56 annualized distribution for this quarter. Management expects to recommend to the Board that we continue at this distribution rate until at least our fiscal third quarter distribution which would be declared in January 2019 as we rebuild coverage to our targeted 1.3 times coverage or better.

To Trueheart: What is not to like about the yield via healthy distribution while we wait for the value to be recognized by mr, market, and a short squeeze forces the naysayers to go elsewhere?

???

Dividends don't do it for me

I like share buybacks btw,... debt pay down was also addressed. Things are going to be fine, imo.
-pete

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-