Replies to post #12 on Martin Midstream Partners LP (MMLP)

[Timothy Smith]

Martin Midstream Partners L.P. (MMLP)

Dividend Yield: 9.85%
Annualized Dividend: $3.08
Market Capitalization: $722.86 million

MMLP is headquartered in Kilgore, Texas and is focused on the storage and distribution of petroleum products and by-products in the United States Gulf Coast region.

The company has historically increased dividend payout each year by a very small percentage, most recently boosting dividend payment from 76.25 cents per share to 77 cents per share.

The dividend yield for MMLP is currently 9.85%, and the stock is down -9.22% year-to-date.

[Timothy Smith]

MMLP yields close to nine percent (8.8%) and has more than doubled its payouts since it became a public entity in 2003.

Analysts are projecting that the company will grow revenues at an approximate 7.5% CAGR over the next two years. I would look for distribution rate growth on a similar path over the next two years as well.

Insiders have been small but consistent purchasers of the stock over the last two years.

The company is using divestitures to reduce its exposure to natural gas gathering and processing. Martin will be able to focus more on its oil storage, sulfur services and marine transport businesses which will help to streamline the firm.