Antero Midstream Completes Simplification Transaction

In October 2018 Antero Midstream GP LP (AMGP) and Antero Midstream Partners LP (AM) announced plans for AMGP to acquire AM in a stock and cash deal. In connection with this transaction, AMGP converted into a corporation, was renamed Antero Midstream Corporation, and began trading under the ticker symbol AM on March 13, 2019. Antero Midstream Partners LP public unit holders ultimately received a modest premium and will be more than made whole on their previously communicated distributions and growth profiles, according to management. In this note we will provide an overview of the combined company and take a look at Antero Midstream Corporation's dividend safety.

March 21st, 2019|

Analyzing Boeing’s 737 Crashes and Dividend Safety

Shares of Boeing (BA) slumped more than 10% this week following news of the second crash of its most important plane model in the last five months. With regulators and airlines worldwide grounding their 737 MAX fleets until more is known, Boeing faces increased scrutiny and potentially fast-rising financial obligations. Income investors attracted to the stock's double-digit dividend growth rate and long-term prospects may be wondering what this tragic event means for Boeing's dividend profile and future. Let's take a look.

March 15th, 2019|

Walmart: 45 Consecutive Years of Dividend Growth

Founded in 1945 in Bentonville, Arkansas, Walmart (WMT) is the world’s largest retailer and operates on a truly staggering scale. For example, its 2.2 million employees serve 275 million consumers per week in 27 nations via a network of more than 11,000 stores that collectively sell over $500 billion of merchandise per year. Approximately 50% of Walmart’s stores are located in international markets, which the company entered in 1991. These locations serve about 100 million customers per week under 56 different banners (store brands). While Latin America, the UK, and Canada are important regions, the majority of Walmart’s sales and profits are derived from the company’s U.S. stores (64% of revenue) and Sam’s Club (12%).

March 15th, 2019|

Apple: A Tech Icon and Quality Dividend Grower

Apple (AAPL) was one of the pioneers in personal computing but has since grown to become one of the world's most dominant forces in consumer electronics with more than $260 billion in annual revenue. Today the company produces numerous consumer devices, including smartphones, desktop and laptop computers, tablets, smartwatches, voice-controlled smart speakers, TV boxes, and various phone accessories.

March 15th, 2019|
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