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Wednesday, April 23, 2008

Here is something that doesn't happen very often. In fact except for Stargas this is the only other time that this is happened. Calumet Specialty Products (CLMT) is cutting its distribution from 63 to 45 cents. Brings it down to a 10% yield. Stock price behavior was telling us a cut was at hand. Sad times due to high crude oil prices.

1 comment:

Gary said...

LGCY announced an 8.9% dividend increase tonight from .45/unit last quarter to .49 per unit this quarter.
This brings the yield up to 9.35 percent.

Hopefully it will rally tomorrow.