Looking at the universe of stocks we cover at Dividend Channel, on 5/8/19, MPLX LP (Symbol: MPLX) will trade ex-dividend, for its quarterly dividend of $0.6575, payable on 5/15/19. As a percentage of MPLX's recent stock price of $32.15, this dividend works out to approximately 2.04%, so look for shares of MPLX LP to trade 2.04% lower — all else being equal — when MPLX shares open for trading on 5/8/19.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MPLX is likely to continue, and whether the current estimated yield of 8.18% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MPLX shares, versus its 200 day moving average:
Looking at the chart above, MPLX's low point in its 52 week range is $28.32 per share, with $39.01 as the 52 week high point — that compares with a last trade of $32.15.
In Monday trading, MPLX LP shares are currently down about 0.1% 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.