Looking at the universe of stocks we cover at Dividend Channel , on 4/29/19, Tallgrass Energy LP (Symbol: TGE), Phillips 66 Partners LP (Symbol: PSXP), and Enterprise Products Partners L.P. (Symbol: EPD) will all trade ex-dividend for their respective upcoming dividends. Tallgrass Energy LP will pay its quarterly dividend of $0.53 on 5/15/19, Phillips 66 Partners LP will pay its quarterly dividend of $0.845 on 5/14/19, and Enterprise Products Partners L.P. will pay its quarterly dividend of $0.4375 on 5/13/19. As a percentage of TGE's recent stock price of $24.47, this dividend works out to approximately 2.17%, so look for shares of Tallgrass Energy LP to trade 2.17% lower - all else being equal - when T GE shares open for trading on 4/29/19. Similarly, investors should look for PSXP to open 1.66% lower in price and for EPD to open 1.49% lower, all else being equal.
Below are dividend history charts for TGE, PSXP, and EPD, showing historical dividends prior to the most recent ones declared.
Tallgrass Energy LP (Symbol: TGE) :
Phillips 66 Partners LP (Symbol: PSXP) :
Enterprise Products Partners L.P. (Symbol: EPD) :
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 recen t dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 8.66% for Tallgrass Energy LP, 6.64% for Phillips 66 Partners LP, and 5.97% for Enterprise Products Partners L.P..
In Thursday trading, Tallgrass Energy LP shares are currently off about 0.4%, Phillips 66 Partners LP shares are up about 0.5%, and Enterprise Products Partners L.P. shares are up about 0.2% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.