Hoegh LNG Partners: A Well Covered 10.7% Preferred Dividend Yield

The Investment Doctor Investing Group Leader Follow Summary Hoegh LNG Partners' preferred shares offer an 8.75% coupon, with dividends consistently paid and coverage ratios improving. Q2 2026 saw $44.4M revenue, $20.8M net profit, and $26.1M free cash flow, easily covering preferred dividends. After a partial tender, 5.7M preferred shares remain. Investors are reluctant to sell below the $25 call price. With over $500M in common equity junior to preferreds, the risk of dividend suspension appears low, and continued payments are expected. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » Suphanat Khumsap/iStock via Getty Images Introduction I have owned a long position in the preferred stock issued by Hoegh LNG Partners for several years now . Although the parent company was acquired and subsequently delisted, the preferred shares remained outstanding, and the company hasn't missed a single payment. The This article was written by The Investment Doctor 24K Followers Follow The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividend income for continuous cash flow. Features include: two model portfolios - the European Small Cap Ideas portfolio and the European REIT Portfolio, weekly updates, educational content to learn more about the European investing opportunities, and an active chat room to discuss the latest developments of the portfolio holdings. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of HMLPF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.