|| Author: Duncan Riley|

Icon Signs New Service Agreement With Pfizer

Dividend shares are the Swiss pocket knives of the stock exchange. When dividend stocks go up, you make money. If they don`t go up, you still earn money (from the dividend). Damn it, even if a dividend stock falls in price, it`s not just bad news, because the dividend yield (the absolute dividend divided by the share price) gets richer as the stock falls in price. If you know all this, don`t you want to find big dividend stocks? Of course. Raymond James analysts have stepped in – and they recommend two high-yield dividend stocks for investors looking for safe haven for their portfolios. These are stocks with a number of clear attributes: a dividend yield of 10% and strong Buy-Ratings. Kimbell Royalty Partners (KRP) We start with Kimbell Royalty Partners, a rural investment firm that operates in some of the major oil and gas producing regions of the United States: the Bakken of North Dakota, the Appalachian Region of Pennsylvania, the Colorado Rockies and several formations in Texas. Kimbell owns mineral rights to more than 13 million acres in these areas and collects royalties from more than 95,000 active boreholes. More than 40,000 of these boreholes are in the Perm Basin of Texas, the famous oil formation that has helped make the United States a net exporter of hydrocarbons over the past decade.

The coronavirus crisis hit Kimbell directly in his pocket, suppressing stock prices and profits, due to economic restrictions, social lockdowns and the economic slowdown that affected production and demand. The situation is only just beginning to recover, with revenue at 3rd 44% compared to the previous quarter, at $24.3 million. Kimbell has long been a reliable dividend payer with a twist. While most dividend stocks keep their distributions stable and typically only make adjustments within a year, Kimbell has revalued its dividend payment every quarter in the past. The result is a dividend that is rarely predictable, but is always affordable for the company. The last explanation for the third quarter was 19 cents per common share, up 46% from the previous quarter. At this rate, the dividend yield is ~10%, analyst John Freeman, who covers the stock for Raymond James, said: “Despite a strong quarterly performance and a nearly 50% increase in distribution in the 3Q, the market believes in our opinion that the unique promise of value of Kimbell`s assets remains insufficient. Kimbell has a 13% drop in the first class of the base, a commitment in all important basins and raw materials, as well as a very manageable leverage profile… As for the possible anti-hydrocarbon stance of a Biden administration, Freeman sees little reason to worry and says, “Investors who are worried about a possible Biden presidency (which seems increasingly likely) don`t have much to worry about in KRP.

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