Apr 29 2014, 10:04am CDT | by Forbes
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.
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.
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./>/>
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