Adams Resources & Energy, Inc. : AE-US: Dividend Analysis : June 02nd, 2017 (record date) : By the numbers : June 1, 2017

Our analysis is based on comparing Adams Resources & Energy, Inc. with the following peers – Global Partners LP, Suburban Propane Partners, L.P., World Fuel Services Corporation, PBF Logistics LP, Genesis Energy, L.P., Delek Logistics Partners LP and Crestwood Equity Partners LP (GLP-US, SPH-US, INT-US, PBFX-US, GEL-US, DKL-US and CEQP-US).

Adams Resources & Energy, Inc.’s dividend yield is 2.76 percent and its dividend payout is 1,466.67 percent. This compares to a peer average dividend yield of 9.06 percent and a payout level of 105.97 percent. This combination of a relatively lower dividend yield and a higher payout ratio suggest that the dividend payout might not be sustainable. The contra-indicator here is the relatively strong dividend quality score of 83 out of a possible score of 100, which points to some ability to sustain the higher payout ratio.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), AE-US paid a high quality dividend, which represents a yield of 2.21% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 4 were high quality and 1 was low quality.
  • The ending cash balance, with a dividend coverage of 26.55x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), AE-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 5.78x), investing cash flow (coverage of -0.75x), issuance cash flow (coverage of 0x) and twelve-month prior cash (coverage of 22.40x), for a total dividend coverage of 27.55x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 1.77 0.96 1.76 2.29 2.22 2.76
Dividend Payout (%) 9.41 12.89 56.77 -293.33 146.67 1466.67

A complete list of metrics and analysis is available on the company page.

Company Profile

Adams Resources & Energy, Inc. is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil & gas exploration and production. It operate through the following business segment: Marketing, Transportation, and Oil & Gas. The company was founded by Kenneth Stanley Adams, Jr. in 1947 and is headquartered in Houston, TX.


The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website