Looking at the universe of stocks we cover at Dividend Channel, on 5/1/14, West Corp. (NASD: WSTC), PetroLogistics LP (NYSE: PDH), and Natural Resources Partners L.P. (NYSE: NRP) will all trade ex-dividend for their respective upcoming dividends. West Corp. will pay its quarterly dividend of $0.225 on 5/15/14, PetroLogistics LP will pay its quarterly dividend of $0.37 on 5/14/14, and Natural Resources Partners L.P. will pay its quarterly dividend of $0.35 on 5/14/14.
As a percentage of WSTC’s recent stock price of $24.91, this dividend works out to approximately 0.90%, so look for shares of West Corp. to trade 0.90% lower — all else being equal — when WSTC shares open for trading on 5/1/14. Similarly, investors should look for PDH to open 2.64% lower in price and for NRP to open 2.17% lower, all else being equal.
Below are dividend history charts for WSTC, PDH, and NRP, showing historical dividends prior to the most recent ones declared.
West Corp. (NASD: WSTC):
PetroLogistics LP (NYSE: PDH):
Natural Resources Partners L.P. (NYSE: NRP):
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 3.61% for West Corp., 10.54% for PetroLogistics LP, and 8.66% for Natural Resources Partners L.P..
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In Tuesday trading, West Corp. shares are currently up about 0.7%, PetroLogistics LP shares are up about 1.9%, and Natural Resources Partners L.P. shares are up about 0.2% on the day.