Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, Enterprise Products Partners L.P. (Symbol: EPD), Genesis Energy L.P. (Symbol: GEL), and Phillips 66 Partners LP (Symbol: PSXP) will all trade ex-dividend for their respective upcoming dividends. Enterprise Products Partners L.P. will pay its quarterly dividend of $0.45 on 8/12/21, Genesis Energy L.P. will pay its quarterly dividend of $0.15 on 8/13/21, and Phillips 66 Partners LP will pay its quarterly dividend of $0.875 on 8/13/21. As a percentage of EPD's recent stock price of $23.84, this dividend works out to approximately 1.89%, so look for shares of Enterprise Products Partners L.P. to trade 1.89% lower — all else being equal — when EPD shares open for trading on 7/29/21. Similarly, investors should look for GEL to open 1.43% lower in price and for PSXP to open 2.34% lower, all else being equal.
Below are dividend history charts for EPD, GEL, and PSXP, showing historical dividends prior to the most recent ones declared.
Enterprise Products Partners L.P. (Symbol: EPD):
Genesis Energy L.P. (Symbol: GEL):
Phillips 66 Partners LP (Symbol: PSXP):
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 7.55% for Enterprise Products Partners L.P., 5.73% for Genesis Energy L.P., and 9.37% for Phillips 66 Partners LP.
In Tuesday trading, Enterprise Products Partners L.P. shares are currently off about 0.7%, Genesis Energy L.P. shares are trading flat, and Phillips 66 Partners LP shares are off about 0.9% 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.