Looking at the universe of stocks we cover at Dividend Channel, on 1/31/22, Shell Midstream Partners LP (Symbol: SHLX) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 2/11/22. As a percentage of SHLX's recent stock price of $13.04, this dividend works out to approximately 2.30%, so look for shares of Shell Midstream Partners LP to trade 2.30% lower — all else being equal — when SHLX shares open for trading on 1/31/22.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SHLX is likely to continue, and whether the current estimated yield of 9.20% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SHLX shares, versus its 200 day moving average:
Looking at the chart above, SHLX's low point in its 52 week range is $10.511 per share, with $16.50 as the 52 week high point — that compares with a last trade of $13.06.
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Shell Midstream Partners LP shares are currently up about 1.5% 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.
