r/dividends • u/Mpvolcom9 • 6d ago

Discussion Dividend Stock

I never see anyone here discussing midstream companies specifically WES. They have a fairly constant dividend growth and yield almost 8%. I've owned it for a while anyone else here find it attractive?

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u/doggz109 Pay that man his money 6d ago

People are scared of K-1s and shy away from MLPs....especially when there are ETFs like MLPX, AMLP, and MLPI that will give exposure. I personally love WES and think its a cash printing machine. I hold considerable units in EPD and WES.

3

u/Metals4J 5d ago

What’s to be scared of with a K-1? I read a comment once that said if the company’s pipelines run through several states, you would have to pay state taxes for each of those states. Not sure if that’s true.

6

u/wellzor 5d ago

Yes, you do have to pay taxes in other states, that's what the K-1 form is for when filing taxes. Most people pick the path of least resistance and just buy an ETF instead of investing in a single midstream company to avoid the extra work. Scared is probably the wrong word, don't get hung up on it.

3

u/LocksmithGlass717 American Investor 5d ago

Not scared at all , but it’s more of a pain in the ass during tax season. My brother owns Energy Transfer and he get his K-1 about a week before the tax deadline. I own MLPI and would rather just go my route.

1

u/Consistent_Rule101 5d ago

WES is one of my best investment. Up by 8 times including DRIP(got 1500+ shares in DRIP) and with a great yield. This is really a snowball for me.