10 Best Income Stocks To Watch Right Now

10 Best Income Stocks To Watch Right Now: StoneMor Partners L.P.(STON)

StoneMor Partners L.P., together with its subsidiaries, engages in the ownership and operation of cemeteries in the southeast, northeast, and west regions of the United States. It offers funeral and cemetery products and services in the death care industry. The company sells interment rights, caskets, burial vaults, cremation niches, markers, and other cemetery related merchandise; provides opening and closing that is the digging and refilling of burial spaces to install the vault and place the casket into the vault; and various other services, including the installation of other cemetery merchandise and the perpetual care related to interment rights. It also offers various funeral-related services, such as family consultation, the removal of and preparation of remains, and the use of funeral home facilities for visitation. As of December 31, 2011, it operated 274 cemeteries, including 253 own cemeteries in 26 states and Puerto Rico; and owned and operated 69 funeral homes in 18 states and Puerto Rico. StoneMor GP LLC serves as the general partner of the company. StoneMor Partners L.P. was founded in 1999 and is headquartered in Levittown, Pennsylvania.

Advisors' Opinion:

• [By Dr. Kent Moors]

  Of course, there are some exceptions. My favorite outlier, about as non-oil and gas as you can get, is StoneMor Partners LP (NYSE: STON). StonMor is an MLP that manages cemeteries... and it pays a 9.5% yield!

• [By Shauna O'Brien]

  On Friday, cemetery operator StoneMor Partners L.P. (STON) reported that its net loss for the fourth quarter narrowed from last year, aided by a 6.4% rise in revenue.STON’s Earnings in Brief

  STON reported a Q4 net loss of$3.5 million, compared to a loss of $3.9 million a year ago. Revenue was$63.1 million, up from $59.3 million last year. For FY2013, the company reported a net loss of$19.0 million, compared to a loss of $3.0 million! in 2012. The large loss in 2013 was primarily due tocosts related to the early retirement of senior notes. Revenue for the year rose to $246.6 million in 2013, from$242.6 million in 2012.

  CEO Commentary

  Lawrence Miller, President and CEO of STON commented: “StoneMor closed the year with a solid fourth quarter, showing improvement over the fourth quarter of 2012 in nearly every category,” s

  “GAAP revenues and operating income in the fourth quarter of 2013 both improved over the fourth quarter of last year, while such non-GAAP financial measures as production based revenue and adjusted operating profits showed very strong growth, up 17.4% and 73.1% respectively. Driving much of this performance has been the ongoing contributions from acquisitions made in 2012 and 2013. The contributions from acquisitions also helped power a 75.9% increase in our distributable cash flow (non-GAAP) compared to the fourth quarter of 2012.

  STON’s Dividend

  STON paid its last 60 cent quarterly dividend on February 14. We expect the company to announce its next dividend in April.

  Stock Performance

  StoneMor Partners shares were mostly flat during premarket trading Friday. The stock is down 3.8% YTD.

• [By Rich Smith]

  Just in time for tax day, Levittown, Pa.-based StoneMor Partners (NYSE: STON  ) is off the hook with the IRS. The funeral services provider announced Friday that an audit of its 2010 federal income tax returns conducted by the Internal Revenue Service has resulted in a finding that no changes are necessary.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/10-best-income-stocks-to-watch-right-now-4.html