Ex-Dividend Reminder: L Brands, MGE Energy and Brookfield Infrastructure Partners

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Looking at the universe of stocks we cover at Dividend Channel , on 5/31/18, L Brands, Inc (Symbol: LB), MGE Energy Inc (Symbol: MGEE), and Brookfield Infrastructure Partners LP (Symbol: BIP) will all trade ex-dividend for their respective upcoming dividends. L Brands, Inc will pay its quarterly dividend of $0.60 on 6/15/18, MGE Energy Inc will pay its quarterly dividend of $0.3225 on 6/15/18, and Brookfield Infrastructure Partners LP will pay its quarterly dividend of $0.47 on 6/29/18. As a percentage of LB's recent stock price of $35.43, this dividend works out to approximately 1.69%, so look for shares of L Brands, Inc to trade 1.69% lower - all else being equal - when LB shares open for trading on 5/31/18. Similarly, investors should look for MGEE to open 0.55% lower in price and for BIP to open 1.24% lower, all else being equal.

Below are dividend history charts for LB, MGEE, and BIP, showing historical dividends prior to the most recent ones declared.

L Brands, Inc (Symbol: LB) :


MGE Energy Inc (Symbol: MGEE) :


Brookfield Infrastructure Partners LP (Symbol: BIP) :


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 6.77% for L Brands, Inc, 2.20% for MGE Energy Inc, and 4.97% for Brookfield Infrastructure Partners LP.

In Tuesday trading, L Brands, Inc shares are currently off about 0.2%, MGE Energy Inc shares are down about 0.4%, and Brookfield Infrastructure Partners LP shares are off about 0.8% 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.

This article appears in: Investing , Options
Referenced Symbols: LB , MGEE , BIP

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