Looking at the universe of stocks we cover at Dividend Channel, NuStar Energy (NS), Energy Transfer (ETP), and DCP Midstream (DPM) will all trade ex-dividend for their respective upcoming dividends on February 4, 2016.
NuStar will pay its quarterly dividend of $1.095 on 2/12/16, Energy Transfer will pay its quarterly dividend of $1.055 on 2/16/16, and DCP Midstream will pay its quarterly dividend of 78 cents per share on 2/12/16.
As a percentage of NS’s recent stock price of $31.00, this dividend works out to approximately 3.53%, so look for shares of NuStar to trade 3.53% lower — all else being equal — when NS shares open for trading on 2/4/16. Similarly, investors should look for ETP to open 3.79% lower in price and for DPM to open 4.41% lower, all else being equal.
Below are dividend history charts for NS, ETP, and DPM, showing historical dividends prior to the most recent ones declared.
Energy Transfer Partners:
DCP Midstream Partners:
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 14.13% for NuStar, 15.16% for Energy Transfer Partners, and 17.63% for DCP Midstream Partners.
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