E Daily Stock Pick: PBF Logistics

That quarterly dividend equates to a $2.00 annual payout and a yield of 9.15% at yesterday's $21.86 closing price.

Gains For PBFX?

Adding the $2.00 annual estimated dividend to my $1.14 PBFX estimated price upside shows a $3.14 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we put a little over $1,000.00 today at the $21.86 recent stock price would buy us 46 PBF Logistics LP shares.

A $10 broker fee paid half at purchase and half at sale costs $0.22 per share.

Subtract that $0.22 brokerage cost from the estimated $3.14 gross annual gain leaves a net gain of $2.92 X 46  shares

= $134.32  or a 13.4% net gain on a $1.005.56 investment.

Therefore, PBF Logistics LP whose trading ticker symbol is PBFX now shows a possible net gain of 13.4% including that 9.15% dividend yield.

Six brokers cover this stock:

Two say 'buy' PBFX

Two say PBFX will 'outperform' peers.

Two say 'hold' your PBFX shares.

Therefore, you can look at PBF Logistics LP and see it has made money, is making money, but could throw a net gain of 13.4% including that 9.15% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if PBF Logistics LP is worth your time and money.

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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts.com; www.finance.yahoo.com; analyst target ...

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Charles Howard 7 months ago Member's comment

Sounds like a good pick!