Credit: Shutterstock photoLooking at the universe of stocks we cover at Dividend Channel , on 5/4/16, DCP Midstream Partners LP (Symbol: DPM) will trade ex-dividend, for its quarterly dividend of $0.78, payable on 5/13/16. As a percentage of DPM's recent stock price of $32.38, this dividend works out to approximately 2.41%, so look for shares of DCP Midstream Partners LP to trade 2.41% lower - all else being equal - when DPM shares open for trading on 5/4/16.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DPM is likely to continue, and whether the current estimated yield of 9.64% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DPM shares, versus its 200 day moving average:
Looking at the chart above, DPM's low point in its 52 week range is $15.09 per share, with $40.69 as the 52 week high point - that compares with a last trade of $32.34.
According to the ETF Finder at ETF Channel, DPM makes up 3.68% of the MLP ETF (Symbol: MLPA) which is trading lower by about 1.2% on the day Monday.
In Monday trading, DCP Midstream Partners LP shares are currently off about 0.9% 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.
