2 Well-Covered 8% Yields Below Call Value: DCP Midstream LP

This company has two preferred issues with 12.92X distribution coverage in 2019. Both are below their $25 call value. Its 15%-plus common unit yield's coverage also is detailed. Earnings, growth projects, analysts' price targets also are detailed. Two option-selling short-term trades are detailed. Sometimes you have to look past the bright lights and neon to find something more lasting...

This may be the case with the three attractive dividend yields for Denver-based DCP Midstream, LP (DCP), which is owned by Phillips 66 (NYSE:PSX) and Enbridge (ENB). DCP has a very high common distribution yield of 15.66% due to losing ~32% on its price/unit over the past year, while management maintained the $.78 quarterly payout, as they have since Q1 2015.

Source: Seeking Alpha

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