High dividend stocks to watch: Oil sector has been offering good sources for the income-oriented investors, and some not only are paying big amount of cash to the shareholders but seeing the appreciation in euqity price. Today we watch four high dividend stocks with such characteristics:
Global Partners LP (GLP), a wholesaler and distributor of refined petroleum products, renewable fuels, and natural gas and crude oil, is currently yielding at 8.70% on the basis of the latest closing price of $24.13, making it one of the high dividend stocks in the oil sector. The partnership recently declared a quarterly cash distribution of $0.5250 per unit. The ex-date was August 1, 2012 and payment day was August 14, 2012.
The company reported excellent results for the second quarter of fiscal 2012. Its revenues and EPS both crushed the analyst estimates. On March 1, 2012, it acquired Alliance Energy LLC and this acquisition helped drive strong volume and margin gains in Gasoline distribution and station operations segment.
GLP stock has advanced 10.33% year to date and the current price is 63.82% above its 52-week low of $14.73 and 4.25% off its 52-week high of $25.20.
Linn Energy, LLC (LINE), an independent oil and natural gas company, sports a yield of 7.35% on the basis of the latest closing price of $39.43. Linn Energy announced a cash distribution of $0.725 per unit for the second fiscal quarter of 2012 with ex-date on July 27, 2012 and payment date on August 14, 2012.
Linn Energy recently purchased of properties in the Jonah Field from of BP American Production Co. for $1.03 billion. This is expected to result in significant growth in distributions later this year. The company recently announced its fiscal 2012 second quarter earnings of 31 cents per share, 9 cents lower than the average analyst estimate of 40 cents.
LINE stock saw a year-to-date gain of 4.01%. The current price is 27.07% above its 52-week low of $31.03 and 3.36% off its 52-week high of $40.80.
Mid-Con Energy Partners LP (MCEP) is engaged in the acquisition, exploitation and production of oil and natural gas properties in the Mid-Continent region of the United States. It returns cash to the unitholders at a dividend yield of 8.43% on the basis of the latest closing price of $22.53. The partnership declared a cash dividend of $0.475 per unit for Q2 2012. Ex-date was August 3, 2012 and this distribution will be payable on August 14, 2012.
Mid-Con Energy reported EPS of $1.24 per unit for Q2 2012, topping Wall Street’s estimate of $0.46 by $0.78. Revenue came in at $13.84 million, up 51.96% from a year ago.
MCEP stock has been up 22.78% since the beginning of this year. The current price is 30.61% above its 52-week low of $17.25 and 10.52% off its 52-week high of $25.18.
Calumet Specialty Products Partners LP (CLMT) a producer of specialty hydrocarbon products in North America, pays dividends at a yield of 9.10%, the top one among the four oil high dividend stocks. The company declared an increase of 5.4% in its quarterly dividend. Ex-date was August 03, 2012, and the distribution of 59 cents per unit was payable on August 14, 2012.
The partnership recognized revenue of $1.09 billion, topping the average analyst estimate of $994.3 million. EPS was $1.42, crushing the average analyst expectation of 59 cents.
CLMT stock has gained 28.62% year to date and the current price is 62.16% above its 52-week low of $15.99 and 6.52% off its 52-week high of $27.74.