Looking at the universe of stocks we cover at Dividend Channel, on 11/4/21, Energy Transfer LP (Symbol: ET) will trade ex-dividend, for its quarterly dividend of $0.1525, payable on 11/19/21. As a percentage of ET's recent stock price of $9.85, this dividend works out to approximately 1.55%, so look for shares of Energy Transfer LP to trade 1.55% lower — all else being equal — when ET shares open for trading on 11/4/21.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ET is likely to continue, and whether the current estimated yield of 6.19% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ET shares, versus its 200 day moving average:
Looking at the chart above, ET's low point in its 52 week range is $5.10 per share, with $11.55 as the 52 week high point — that compares with a last trade of $9.82.
In Tuesday trading, Energy Transfer LP shares are currently down about 0.8% 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.
