Ex-Dividend Reminder: Phillips 66 Partners, Energy Transfer Partners and Rose Rock Midstream

Apr 29 2014, 10:03am CDT | by

Looking at the universe of stocks we cover at Dividend Channel, on 5/1/14, Phillips 66 Partners LP (NYSE: PSXP), Energy Transfer Partners L P (NYSE: ETP), and Rose Rock Midstream L P (NYSE: RRMS) will all trade ex-dividend for their respective upcoming dividends. Phillips 66 Partners LP will pay its quarterly dividend of $0.2743 on 5/13/14, Energy Transfer Partners L P will pay its quarterly dividend of $0.935 on 5/15/14, and Rose Rock Midstream L P will pay its quarterly dividend of $0.495 on 5/15/14.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen, at DividendChannel.com »

As a percentage of PSXP’s recent stock price of $55.00, this dividend works out to approximately 0.50%, so look for shares of Phillips 66 Partners LP to trade 0.50% lower — all else being equal — when PSXP shares open for trading on 5/1/14. Similarly, investors should look for ETP to open 1.70% lower in price and for RRMS to open 1.19% lower, all else being equal.

Below are dividend history charts for PSXP, ETP, and RRMS, showing historical dividends prior to the most recent ones declared.

Phillips 66 Partners LP (NYSE: PSXP):

Energy Transfer Partners L P (NYSE: ETP):

Rose Rock Midstream L P (NYSE: RRMS):

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 1.99% for Phillips 66 Partners LP, 6.80% for Energy Transfer Partners L P, and 4.74% for Rose Rock Midstream L P.


Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco’s Oil & Gas Income Portfolio

In Tuesday trading, Phillips 66 Partners LP shares are currently up about 0.3%, Energy Transfer Partners L P shares are off about 0.4%, and Rose Rock Midstream L P shares are up about 0.6% on the day.

/>/>
 
 
 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Need for Speed Reboot is Coming This Fall
Need for Speed Reboot is Coming This Fall
EA will release a complete new Need for Speed this fall. The video game giant just released a teaser video and the first Need for Speed Gameplay video will be revealed in June.
 
 
Google Self-Driving Cars to Hit Public Roads this Summer
Google Self-Driving Cars to Hit Public Roads this Summer
Google announced today that Google Car prototype vehicles will leave the test track and hit the familiar roads of Mountain View.
 
 
Google Search Analytics Launched in Web Master Tools
Google Search Analytics Launched in Web Master Tools
Google officially announced the new Search Analytics feature in Webmaster tools.
 
 
T-Mobile Hits Verizon with new 'Never Settle Trial' Campaign
T-Mobile Hits Verizon with new 'Never Settle Trial' Campaign
In case customers don't feel satisfied, T-Mobile will pay for them to shift back to Verizon