Apr 29 2014, 10:04am CDT | by Forbes
Looking at the universe of stocks we cover at Dividend Channel, on 5/1/14, Celanese Corp (NYSE: CE), Calumet Specialty Product Partners LP (NASD: CLMT), and Enerplus Corp (NYSE: ERF) will all trade ex-dividend for their respective upcoming dividends. Celanese Corp will pay its quarterly dividend of $0.25 on 5/16/14, Calumet Specialty Product Partners LP will pay its quarterly dividend of $0.685 on 5/15/14, and Enerplus Corp will pay its monthly dividend of $0.09 on 5/20/14.
As a percentage of CE’s recent stock price of $60.18, this dividend works out to approximately 0.42%, so look for shares of Celanese Corp to trade 0.42% lower — all else being equal — when CE shares open for trading on 5/1/14. Similarly, investors should look for CLMT to open 2.34% lower in price and for ERF to open 0.41% lower, all else being equal.
Below are dividend history charts for CE, CLMT, and ERF, showing historical dividends prior to the most recent ones declared.
Celanese Corp (NYSE: CE):
Calumet Specialty Product Partners LP (NASD: CLMT):
Enerplus Corp (NYSE: ERF):
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 1.66% for Celanese Corp , 9.37% for Calumet Specialty Product Partners LP, and 4.87% for Enerplus Corp.
In Tuesday trading, Celanese Corp shares are currently up about 0.8%, Calumet Specialty Product Partners LP shares are up about 0.5%, and Enerplus Corp shares are up about 1.6% on the day./>/>
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