Apr 29 2014, 10:03am CDT | by Forbes
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.
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):
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.
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./>/>
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