Ex-Dividend Reminder: Pinnacle West Capital, NRG Energy and BP Midstream Partners

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Looking at the universe of stocks we cover at Dividend Channel , on 7/31/18, Pinnacle West Capital Corp (Symbol: PNW), NRG Energy Inc (Symbol: NRG), and BP Midstream Partners LP (Symbol: BPMP) will all trade ex-dividend for their respective upcoming dividends. Pinnacle West Capital Corp will pay its quarterly dividend of $0.695 on 9/4/18, NRG Energy Inc will pay its quarterly dividend of $0.03 on 8/15/18, and BP Midstream Partners LP will pay its quarterly dividend of $0.2725 on 8/15/18. As a percentage of PNW's recent stock price of $80.82, this dividend works out to approximately 0.86%, so look for shares of Pinnacle West Capital Corp to trade 0.86% lower - all else being equal - when PNW shares open for trading on 7/31/18. Similarly, investors should look for NRG to open 0.09% lower in price and for BPMP to open 1.24% lower, all else being equal.

Below are dividend history charts for PNW, NRG, and BPMP, showing historical dividends prior to the most recent ones declared.

Pinnacle West Capital Corp (Symbol: PNW) :


NRG Energy Inc (Symbol: NRG) :


BP Midstream Partners LP (Symbol: BPMP) :


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 3.44% for Pinnacle West Capital Corp, 0.38% for NRG Energy Inc, and 4.97% for BP Midstream Partners LP.

In Friday trading, Pinnacle West Capital Corp shares are currently off about 0.2%, NRG Energy Inc shares are up about 0.7%, and BP Midstream Partners LP shares are up about 0.5% 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: PNW , NRG , BPMP

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