Looking at the universe of stocks we cover at Dividend Channel, Enterprise Products Partners L.P. (EPD), Genesis Energy, L.P. (GEL), and Teekay Corporation (TK) will all trade ex-dividend for their respective upcoming dividends on April 27, 2016.
Enterprise Products Partners will pay its quarterly dividend of 39.5 cents per share on 5/6/16, Genesis Energy will pay its quarterly dividend of 67.25 cents per share on 5/13/16, and Teekay will pay its quarterly dividend of 5.5 cents per share on 5/19/16.
As a percentage of EPD’s recent stock price of $27.17, this dividend works out to approximately 1.45%, so look for shares of Enterprise Products Partners to trade 1.45% lower — all else being equal — when EPD shares open for trading on 4/27/16.
Similarly, investors should look for GEL to open 1.99% lower in price and for TK to open 0.48% lower, all else being equal.
Below are dividend history charts for EPD, GEL, and TK, showing historical dividends prior to the most recent ones declared.
Enterprise Products 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 5.82% for Enterprise Products Partners L.P., 7.94% for Genesis Energy L.P., and 1.91% for Teekay Corp.
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