Credit: Shutterstock photoLooking at the universe of stocks we cover at Dividend Channel , on 8/3/18, Energy Transfer Partners LP (Symbol: ETP), TC PipeLines, LP (Symbol: TCP), and Shell Midstream Partners LP (Symbol: SHLX) will all trade ex-dividend for their respective upcoming dividends. Energy Transfer Partners LP will pay its quarterly dividend of $0.565 on 8/14/18, TC PipeLines, LP will pay its quarterly dividend of $0.65 on 8/15/18, and Shell Midstream Partners LP will pay its quarterly dividend of $0.365 on 8/14/18. As a percentage of ETP's recent stock price of $20.98, this dividend works out to approximately 2.69%, so look for shares of Energy Transfer Partners LP to trade 2.69% lower - all else being equal - when ETP shares open for trading on 8/3/18. Similarly, investors should look for TCP to open 2.13% lower in price and for SHLX to open 1.62% lower, all else being equal.
Below are dividend history charts for ETP, TCP, and SHLX, showing historical dividends prior to the most recent ones declared.
Energy Transfer Partners LP (Symbol: ETP) :
TC PipeLines, LP (Symbol: TCP) :
Shell Midstream Partners LP (Symbol: SHLX) :
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 10.77% for Energy Transfer Partners LP , 8.53% for TC PipeLines, LP, and 6.48% for Shell Midstream Partners LP.
In Wednesday trading, Energy Transfer Partners LP shares are currently up about 0.1%, TC PipeLines, LP shares are off about 3%, and Shell Midstream Partners LP shares are down about 0.7% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
