ARLP unitholders will receive a cash distribution for the 2021 Quarter of $0.25 per unit (an annualized rate of $1.00 per unit), payable on February 14, 2022 to all unitholders of record as of the close of trading on February 7, 2022. The announced distribution represents a 25.0% increase over the cash distribution declared of $0.20 per unit for the quarter ended September 30, 2021.
Quite a small increase like last year but better than no increase.
The Company has elected to reduce the monthly cash dividend in light of the rapid compression of the Company’s net interest margin that has occurred over the course of the fourth quarter. Additionally, recent comments from members of the Federal Open Market Committee indicate that the Federal Reserve may take actions to remove the substantial monetary policy accommodation that has been in place since the onset of the COVID-19 pandemic over the very near term.
The Company’s net interest
margin has also been impacted by the persistence of longer-term rates
remaining at or below levels observed earlier in 2021. As a result,
prepayment rates on the Company’s pass-through and interest-only
securities remain elevated.
Common Stock: $0.075 per share of common stock for each of January, February, and March 2022, and a supplemental distribution of $0.12 per share of common stock in February 2022.
Additionally, during the fourth quarter of 2021, Enterprise purchased $125 million of its common units in the open market, bringing the total amount of common unit buybacks during 2021 to $200 million
Since I own 58 shares of EPD, this change will increase my 12 month forward dividends by $3.48
57 companies paying dividends in 2021.
During Q4 / 2021 this portfolio collected following dividends
| Quote | 2018 | 2019 | 2020 | 2021 | 1y chg | 2y chg | 3y chg |
|---|---|---|---|---|---|---|---|
| Canadian Utilities | - | - | 6.99 | 25.79 | 268.9% | ||
| Enbridge Inc. | - | 15.03 | 25.97 | 28.82 | 10.97% | 91.74% | |
| Fortis Inc | - | - | - | 10.71 | |||
| Coca-Cola | 18.27 | 19.04 | 17.83 | 19.69 | 10.43% | 3.413% | 7.772% |
| Southern Company | 15.30 | 16.25 | 15.32 | 16.95 | 10.63% | 4.307% | 10.78% |
| AGNC Investment | 14.09 | 13.11 | 11.54 | 21.75 | 88.47% | 65.90% | 54.36% |
| Emerson Electric | 6.46 | 6.77 | 6.52 | 6.84 | 4.907% | 1.033% | 5.882% |
| Stora Enso | - | - | 31.50 | - | |||
| Realty Income | 7.41 | 7.75 | 10.17 | 11.53 | 13.37% | 48.77% | 55.60% |
| Pembina Pipeline | - | - | - | 9.69 | |||
| EPR Properties | 7.80 | 10.06 | - | 8.18 | % | -18.6% | |
| Main Street | 35.47 | 34.36 | 14.46 | 24.57 | 69.91% | -28.4% | -30.7% |
| Kontoor Brands | - | 10.10 | 6.56 | 8.14 | 24.08% | -19.4% | |
| Prospect Capital | 11.51 | 11.87 | 10.79 | 11.66 | 8.063% | -1.76% | 1.303% |
| VF Corporation | 15.56 | 15.15 | 14.04 | 19.92 | 41.88% | 31.48% | 28.02% |
| Telia Company | - | - | 34.72 | - | |||
| Dominion Energy | 15.86 | 29.62 | 20.09 | 21.77 | 8.362% | -26.5% | 37.26% |
| Chatham Lodging_Trust | 13.22 | 13.79 | - | - | % | ||
| LTC Properties | 12.46 | 12.71 | 11.61 | 12.57 | 8.268% | -1.10% | 0.882% |
| Orchid Island | - | - | 14.92 | 24.08 | 61.39% | ||
| Ares Capital | - | 26.15 | 38.93 | 57.09 | 46.64% | 118.3% | |
| Triton International | 43.52 | 45.03 | 44.92 | 55.14 | 22.75% | 22.45% | 26.70% |
| Gladstone Investment_Corp | - | - | - | 18.94 | |||
| SFL Corporation | 52.60 | 63.27 | 24.69 | 32.20 | 30.41% | -49.1% | -38.7% |
| Total | 269.53 | 350.06 | 361.57 | 446.03 | 23.35% | 27.41% | 65.48% |
Dividends received in December
- 25.79 from Canadian Utilities - 28.82 from Enbridge Inc. - 10.71 from Fortis Inc - 19.69 from Coca-Cola - 16.95 from Southern Company - 21.75 from AGNC Investment - 6.84 from Emerson Electric - 11.53 from Realty Income - 9.69 from Pembina Pipeline - 8.18 from EPR Properties - 24.57 from Main Street - 8.14 from Kontoor Brands - 11.66 from Prospect Capital - 19.92 from VF Corporation - 21.77 from Dominion Energy - 12.57 from LTC Properties - 24.08 from Orchid Island - 57.09 from Ares Capital - 55.14 from Triton International - 18.94 from Gladstone Investment_Corp - 32.20 from SFL Corporation
