Ex-Dividend Reminder: MPLX, Baker Hughes and Holly Energy Partners

Apr 29 2014, 10:04am CDT | by

Looking at the universe of stocks we cover at Dividend Channel, on 5/1/14, MPLX LP (NYSE: MPLX), Baker Hughes Inc. (NYSE: BHI), and Holly Energy Partners LP (NYSE: HEP) will all trade ex-dividend for their respective upcoming dividends. MPLX LP will pay its quarterly dividend of $0.3275 on 5/15/14, Baker Hughes Inc. will pay its quarterly dividend of $0.15 on 5/16/14, and Holly Energy Partners LP will pay its quarterly dividend of $0.5075 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 MPLX’s recent stock price of $54.81, this dividend works out to approximately 0.60%, so look for shares of MPLX LP to trade 0.60% lower — all else being equal — when MPLX shares open for trading on 5/1/14. Similarly, investors should look for BHI to open 0.21% lower in price and for HEP to open 1.56% lower, all else being equal.

Below are dividend history charts for MPLX, BHI, and HEP, showing historical dividends prior to the most recent ones declared.

MPLX LP (NYSE: MPLX):

Baker Hughes Inc. (NYSE: BHI):

Holly Energy Partners LP (NYSE: HEP):

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 2.39% for MPLX LP, 0.85% for Baker Hughes Inc., and 6.23% for Holly Energy Partners LP.


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, MPLX LP shares are currently up about 1.5%, Baker Hughes Inc. shares are up about 1.7%, and Holly Energy Partners LP shares are off about 1% 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

Amazon Dash Button is not an April Fools' Joke
Amazon Dash Button is not an April Fools' Joke
When a product comes along that is so out there, it should not be announced close to April Fools' Day. Meet the unbelievable, but real Amazon Dash Button.
 
 
Spotify launches on Sony PlayStation Music
Spotify launches on Sony PlayStation Music
Spotify streaming music service is now available on PS3 and PS4.
 
 
Best Buy kills its Future Shop Brand in Canada
Best Buy kills its Future Shop Brand in Canada
Best Buy announced today to shut down its Future Shop stores.
 
 
Ikea Foundation's Better Shelter has partnered with UNHCR for safer refugee hous
Ikea Foundation's Better Shelter has partnered with UNHCR for safer refugee housing
Better Shelter and the UNHCR recently joined together in providing refugees and displaced people with long-term housing units as global crises mount. But what is a Better Shelter and how does it help?