有着"债券之王"称号的著名投资者比尔·格罗斯周二表示，一部分"精英"股票正面临困境，市场参与者 应该满足于从其他股票中获得的较小涨幅。 格罗斯在周二的一篇X帖子中，将甲骨文、微软和IBM列为正在被"迅速淘汰"的队伍中的一部分。 "也许这并非一场单败淘汰赛，但感觉上很像，"这位品浩的联合创始人写道。"我正在避开它们。" 格罗斯表示，交易员们应该"满足于个位数的回报"，并提到了Western Midstream Partners、威瑞森通讯 和AT&T。 责任编辑：张俊 SF065 有着"债券之王"称号的著名投资者比尔·格罗斯周二表示，一部分"精英"股票正面临困境，市场参与者 应该满足于从其他股票中获得的较小涨幅。 格罗斯在周二的一篇X帖子中，将甲骨文、微软和IBM列为正在被"迅速淘汰"的队伍中的一部分。 "也许这并非一场单败淘汰赛，但感觉上很像，"这位品浩的联合创始人写道。"我正在避开它们。" 格罗斯表示，交易员们应该"满足于个位数的回报"，并提到了Western Midstream Partners、威瑞森通讯 和AT&T。 责任编辑：张俊 SF065 ...

Broad-Based Growth in 4Q25 Midstream/MLP Dividends## Summary- Midstream indexes have kicked off 2026 with exceptionally strong performance, generating double-digit total returns year-to-date through February 18 that handily outpace the broader market.- Both MLPs and corporations drove sequential growth in payouts for 4Q25. No AMNA constituent has cut its regular dividend since July 2021.- On a year-over-year basis, 92.7% of the Alerian Midstream Energy Index (AMNA) by weighting have grown their dividends.Fo ...

The S&P 500 currently has a rather pedestrian dividend yield of around 1.1%. That's near its record low. As a result, you'd only generate about $34 of annual passive income by investing $3,000 into an S&P 500 index fund. Several companies offer dividend yields well above the market average. That enables you to generate a lot more income from the same investment. For example, investing $3,000 into the following three ultra-high-yielding dividend stocks would produce hundreds of dollars in passive income eac ...

Core Insights - The primary focus of High Dividend Opportunities is to provide high-yield investments that can replace the income lost upon retirement, aiming for a yield of 8 to 10% to ensure consistent cash flow for living expenses without the need to sell shares [4][7][18]. Investment Strategy - The investment strategy emphasizes the importance of cash flow, with a portfolio designed to yield 8 to 10% annually, allowing for reinvestment and withdrawals to maintain income levels [7][20]. - The company has shifted focus towards fixed income opportunities, particularly preferred equities and bonds, as interest rates have risen, making these investments more attractive [21][24]. - A diversified portfolio is maintained, with no more than 2 to 3% allocated to any single investment to mitigate risks associated with dividend cuts [17][58]. Market Context - The current market environment has seen a rotation towards value investments, with a focus on tangible assets such as real estate and energy, which are expected to benefit from lower interest rates in the future [43][46][48]. - The company has observed that many dividend-paying stocks have seen price declines due to rising interest rates, but the focus remains on the cash flow generated by these investments rather than short-term price fluctuations [76][79]. Portfolio Composition - The portfolio is divided into four parts: two equity-focused (core one with closed-end funds and core two with individual high cash flow stocks) and two fixed income-focused (maturity ladder and preferred equity) [29][32][34]. - Closed-end funds (CEFs) are favored over ETFs due to their ability to trade at discounts during market downturns, providing opportunities for higher total returns [35][39]. Risk Management - The company emphasizes the importance of understanding the sustainability of dividends, particularly in sectors like REITs, where income can be variable due to regulatory requirements [26][27]. - Recent experiences with unexpected dividend cuts, such as Oxford Lane Capital's 50% reduction, highlight the need for ongoing assessment of company strategies and cash flow sustainability [60][62]. Educational Focus - High Dividend Opportunities places a strong emphasis on educating investors about the rationale behind investment choices and the importance of tracking cash flow, rather than solely focusing on share price [49][104]. - The company aims to empower investors to construct their own plans and understand the dynamics of dividend investing, fostering a community for ongoing discussion and support [69][106].

( 图片来源：《澳华财经在线》) 【财经要闻 及评论 】 李嘉诚旗下企业屈臣氏集团考虑收购澳洲Priceline药房连锁 亚洲最大的零售药店运营商之一、亿万富豪李嘉诚旗下企业屈臣氏集团考虑进军澳大利亚药房行业，可 能将收购一批Priceline门店。 据《澳金融评论报》，三位要求匿名的消息人士证实，一家亚洲制药巨头计划对Priceline药房集团进行 尽职调查。多位消息人士还表示，屈臣氏的高管几年前访澳，当时曾会见Priceline运营方Infinity Pharmacy Group的创始合伙人。 屈臣氏集团若有意收购Priceline药房，需获得澳外国投资审查委员会（FIRB）的批准。 屈臣氏发言人目前拒绝对"市场猜测"置评。 对Priceline门店感兴趣的其他买家包括几家私募股权公司，以及本地药房集团Chemist Warehouse、 TerryWhite Chemmart、Star Pharmacy Group等。 Teneo已为尽职调查筛选出约25家候选方，预计3月初将收到意向性报价。 Infinity为西农集团（Wesfarmers Ltd，ASX股票代码:WES)）旗下药品批发业务澳大利亚制药 ...

Record 2025 performance was driven by throughput growth in the Delaware and DJ Basins and the strategic acquisition of Aris Water Solutions. Management characterizes 2026 as a transition year due to a temporary reallocation of producer activity away from WES-serviced acreage in the Delaware Basin. Natural gas throughput faced headwinds from third-party curtailments linked to volatile Waha Hub pricing, which management expects to persist through mid-2026. The Aris integration is ahead of schedule, ac ...

For reasons I have not yet come to grips with, I’ve been saying this phrase a lot in 2026: “I’m old enough to remember when…” And now, I’ll do it again. Because I’m old enough to remember when very few investors knew what master limited partnerships (MLPs) were. Or, simply confused them with private funds. But this industry has come a long way in terms of investor recognition. And from my chart work, it looks poised to again capture some hearts. One in particular, a stalwart in the group, is the Alerian ...

Core Viewpoint - The S&P 500's dividend yield is currently around 1.1%, near an all-time low, driven by rising stock prices and a reduced focus on dividends by many companies. However, there are notable exceptions with high dividend yields, including three significant stocks offering yields up to 12.5% [1]. Group 1: AGNC Investment - AGNC Investment leads with a 12.5% dividend yield, paying dividends monthly, which enhances its appeal for passive income [4]. - The company invests in Agency MBS, a $9.2 trillion market, leveraging these fixed-income assets to boost returns [5]. - Current strong market conditions for Agency MBS, along with falling interest rates, suggest AGNC can maintain its high monthly dividend [6]. Group 2: Ares Capital - Ares Capital has a 10% dividend yield, providing direct loans to middle-market companies, which generates interest income to support its dividend [7]. - The company has maintained or increased its dividend for over 16 consecutive years, with core earnings exceeding dividend payments, providing a cushion for potential earnings dips [8]. - Ares Capital's strong financial profile and record level of new investments position it well for continued dividend support [9]. Group 3: Western Midstream Partners - Western Midstream Partners currently yields 8.9%, operating a portfolio of energy midstream assets, including pipelines and processing plants [11]. - The majority of its assets generate stable cash flow through long-term, fixed-fee contracts, contributing to its dividend sustainability [11].

Core Viewpoint - Western Midstream Partners, LP (NYSE:WES) is recognized as one of the best pipeline and MLP stocks to buy in 2026, indicating strong market confidence in its future performance [1]. Group 1: Ratings and Price Targets - RBC Capital's Elvira Scotto reiterated a Hold rating on WES with a price target of $42 as of January 28, 2026, while Morgan Stanley maintained a Sell rating with a price target of $41 [2]. Group 2: Financial Performance - Western Midstream Partners declared a quarterly cash distribution of $0.91 per unit for Q4 2025, consistent with the previous quarter's payout, with eligibility for shareholders as of February 2, 2026, for payment on February 13, 2026 [3]. Group 3: Strategic Developments - The company announced renegotiations on key natural gas contracts in the Delaware Basin with Occidental and ConocoPhillips, transitioning to simplified, fixed-fee arrangements. Occidental will transfer 15.3 million WES common units, valued at approximately $610 million, back to the partnership for redemption, aiming to solidify revenue through the late 2030s and diversify its customer base [4]. Group 4: Company Overview - Founded in 2007, Western Midstream Partners, LP is a master limited partnership focused on the gathering, processing, and transportation of natural gas, crude oil, and NGLs across major U.S. basins, utilizing fee-based contracts, and is headquartered in Texas [5].

Core Viewpoint - Western Midstream Partners, LP (NYSE:WES) is recognized as one of the best dividend stocks to buy in February, despite recent adjustments in financial projections and contract renegotiations with Occidental Petroleum [1][2]. Financial Adjustments - Wells Fargo analyst Ned Baramov has lowered the price target for Western Midstream from $40 to $39, maintaining an Equal Weight rating, reflecting updated assumptions for 2026, including lower expected operating cash flow and reduced capital spending [2]. - The adjustments also account for a smaller unit count and distributions, alongside anticipated cost savings [2]. Contract Renegotiations - Western Midstream has renegotiated contracts with Occidental Petroleum regarding its Delaware Basin assets, shifting to a fixed-fee structure for natural gas gathering [3]. - Occidental will transfer 15.3 million common units back to Western Midstream, valued at approximately $610 million, reducing its ownership stake to about 40% [3][4]. Revenue Structure - Following the contract changes, approximately 9% of Western's revenue will still come from cost-of-service arrangements, with most contracts set to expire between the late 2020s and mid-to-late 2030s, potentially transitioning to fixed-fee terms [4]. - The previous fee structure was based on the cost of providing services plus a regulated return, while the new agreement stipulates a fixed rate payment from Occidental [4]. New Agreements - Western Midstream has also entered into a new natural gas gathering and processing agreement with ConocoPhillips for a portion of its Delaware Basin volumes [5].