Atlas Energy Resources is Worth the Extra Paperwork (ATN)
June 29th, 2008
As most dividend stock investors know by now, investing in Limited Partnership stocks are a little more involved when tax season comes around. Capital gains are accounted for in ways that other equities aren't. With that said, Atlas Energy Resources (ATN) has gained about 70% since debuting in late 2006. Not only that, but at Friday's closing price of $37.62, the dividend yield itself was a bit over 6%. Tell me that isn't worth doing the extra paperwork. The company produces natural gas and oil and is based in Pennsylvania. It's most recent quarter showed an amazing 85 percent growth in revenue. The company has pulled back nearly 20% over the last month as they had announced plans to sell 1.8 million shares to pay off debt, enabling the company to borrow more and invest in more projects. For now, investors are enjoying a profitable ride as energy demands are putting this company in the right place at the right time. And that's what investors want to see. Atlas Energy Resources (ATN) is currently recommended and the company holds a Dividend.com rating of 3.7 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.
Dividend.com archives (articles more than 30 days old) are only available to Dividend.com Premium subscribers.
Sign up for a Dividend.com Premium account for instant access to article archives, stock ratings on over 2,000 dividend-paying stocks, and much more! FREE TRIAL available!



Stock Screener
RSS

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the