Looking at the universe of stocks we cover at Dividend Channel, Genesis Energy (GEL), Plains All American (PAA), and Crescent Point Energy (CPG) will all trade ex-dividend for their respective upcoming dividends on January 27, 2016.
Genesis Energy will pay its quarterly dividend of 65.5 cents per share on 2/12/16, Plains All American will pay its quarterly dividend of 70 cents per share on 2/12/16, and Crescent Point Energy will pay its monthly dividend of 10 cents per share on 2/16/16.
As a percentage of GEL’s recent stock price of $27.72, this dividend works out to approximately 2.36%, so look for shares of Genesis Energy to trade 2.36% lower — all else being equal — when GEL shares open for trading on 1/27/16.
Similarly, investors should look for PAA to open 3.44% lower in price and for CPG to open 1.05% lower, all else being equal.
Below are dividend history charts for GEL, PAA, and CPG, showing historical dividends prior to the most recent ones declared.
Genesis Energy:
Plains All American:
Crescent Point Energy:
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue.
If they do continue, the current estimated yields on annualized basis would be 9.45% for Genesis Energy, 13.75% for Plains All American, and 12.61% for Crescent Point Energy.
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