2nd Quarter Dividend News

Posted by Tim

April 23, 2008

I started the post a little differently, but now have dividend news coming fast and furious (and late!). I will use this post to update the 2nd quarter dividends for the stocks in my Income Portfolio. Updates will be accomplished as the dividends are declared. Most recent will near the top if you have read this post previously.

Terra Nitrogen | Declares Dividend

Terra Nitrogen Co. LP (TNH: 120.15 +4.79 +4.15%) has declared a 1st quarter dividend of $4.20. This is slightly below the Q4 dividend of $4.45 but well above the Q1, 2007 dividend of $1.57. TNH is majority owned and managed by Terra Industries (TRA: 50.44 -0.62 -1.21%) and pays the financial results of a single fertilizer plant. The company is currently riding the wave of high agricultural prices and supplies.

Inergy, L.P. | Investor Relations | Press Release

Inergy (NRGY: 26.29 +0.35 +1.35%) has declared a 61.5¢ for Q1, 2008. This is the 11th quarter in a row the dividend has increased and brings the yield on the current stock price to 8.6%. Inergy, L.P. is a retailer and distributor of propane fuel. They have been growing the business with numerous acquisitions of small, local propane companies. The propane business is very fragmented, giving NRGY lots of opportunity for future growth.

Atlas Pipeline Partners L.P. | Press Release

Atlas Pipeline Partners LP (APL: 33.94 +0.30 +0.89%) has declared a 94¢ dividend for Q1, 2008. This is a penny higher than Q4 2007 and 8¢ more than Q1, 2007. The stock yield is 8.7%. APL is a natural gas transmission and processing company. It is intertwined with Atlas America, Inc. (ATLS: 37.79 -0.14 -0.37%), Atlas Pipeline Holdings LP (AHD: 29.93 +0.07 +0.23%) and Atlas Energy Resources LLC (ATN: 35.0899 +0.2799 +0.80%). See the press release for the relationship details.

Monmouth Real Estate set Dividend

Monmouth Real Estate Investment Corp. (MNRTA: 7.34 +0.17 +2.37%) has declared a 60¢ dividend for Q2, 2008. This give the stock a current yield of 7.9%. Monmouth has been paying a dividend at this rate for at least 7 quarters. MNRTA is a REIT owning commercial real estate.

Penn West Energy Trust (PWE: 29.24 -0.24 -0.81%) is continuing to pay it’s 34¢ per share monthly distribution. The current stock yield is 13.1%. PWE is a Canadian oil and gas trust.
Note: I currently have a long position in NRGY, APL, PWE.