Plains All American: Flat Share Price But Improved Business, It Is Still A Buy
PAAPlains All American Pipeline(PAA) Seeking Alpha·2024-09-02 10:14
hirunIn April 2024, I wrote a piece on Plains All American Pipeline (NASDAQ:PAA) arguing that even though the stock price had registered significant alpha over the index, there is still room for further value creation. All in all, the case boiled down more to receiving enticing dividends at very limited risk. Plus, the fact that the Management had communicated that it will grow the dividend by $0.15 per share a year until the 1.6x distribution coverage is received already implies a forward yield between ...