Looking at the universe of stocks we cover at Dividend Channel, MPLX LP (MPLX), Phillips 66 Partners LP (PSXP), and NGL Energy Partners LP (NGL) will all trade ex-dividend for their respective upcoming dividends on April 29.
MPLX LP will pay its quarterly dividend of 50.5 cents per share on 5/13/16, Phillips 66 Partners LP will pay its quarterly dividend of 48.1 cents per share on 5/12/16, and NGL Energy Partners LP will pay its quarterly dividend of 39 cents per share on 5/13/16.
As a percentage of MPLX’s recent stock price of $31.85, this dividend works out to approximately 1.59%, so look for shares of MPLX LP to trade 1.59% lower — all else being equal — when MPLX shares open for trading on 4/29/16.
Similarly, investors should look for PSXP to open 0.80% lower in price and for NGL to open 2.73% lower, all else being equal.
Below are dividend history charts for MPLX, PSXP, and NGL, showing historical dividends prior to the most recent ones declared.
MPLX LP:
Phillips 66 Partners LP:
NGL Energy Partners LP:
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 6.34% for MPLX LP, 3.19% for Phillips 66 Partners LP, and 10.92% for NGL Energy Partners LP.
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