InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,712.69
(
0.00%
)
US TECH 100
19,471.60
(
0.16%
)
Dow Jones
41,794.60
(
0.00%
)
Brent Oil
75.67
(
0.73%
)
Bitcoin
68,874.74
(
1.56%
)
Post# of 111880
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Elroy Jetson

Send PM Follow Ignore
Followers 38
Posts 13570
Boards Moderated 0
Alias Born 07/09/2002

Elroy Jetson

Member Level

Re: dexprs post# 87138

Thursday, 07/30/2020 12:15:15 PM

Thursday, July 30, 2020 12:15:15 PM

Post# of 111880
Second quarter MMP has $209.5 million of what they call distributable cash flow (DCF), which is 91% of their $229.56 planned distribution for the quarter.

They're probably best off paying the full amount rather than cutting the dividend, whether by 9% or any other number, as they've no large capital projects planned and farms must have the ammonia.


For a sense of normal times, Second Quarter DCF for 2019 was $314.8 million, 37% more than their distribution.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up