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Ex-Dividend Reminder: Plains All American Pipeline, Phillips 66 Partners and USA Compression Partners

Looking at the universe of stocks we cover at Dividend Channel, on 7/30/20, Plains All American Pipeline LP (Symbol: PAA), Phillips 66 Partners LP (Symbol: PSXP), and USA Compression Partners LP (Symbol: USAC) will all trade ex-dividend for their respective upcoming dividends. Plains All American Pipeline LP will pay its quarterly dividend of $0.18 on 8/14/20, Phillips 66 Partners LP will pay its quarterly dividend of $0.875 on 8/13/20, and USA Compression Partners LP will pay its quarterly dividend of $0.525 on 8/10/20. As a percentage of PAA's recent stock price of $7.83, this dividend works out to approximately 2.30%, so look for shares of Plains All American Pipeline LP to trade 2.30% lower — all else being equal — when PAA shares open for trading on 7/30/20. Similarly, investors should look for PSXP to open 2.96% lower in price and for USAC to open 4.11% lower, all else being equal.

Below are dividend history charts for PAA, PSXP, and USAC, showing historical dividends prior to the most recent ones declared.

Plains All American Pipeline LP (Symbol: PAA):

PAA+Dividend+History+Chart

Phillips 66 Partners LP (Symbol: PSXP):

PSXP+Dividend+History+Chart

USA Compression Partners LP (Symbol: USAC):

USAC+Dividend+History+Chart

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 9.20% for Plains All American Pipeline LP, 11.83% for Phillips 66 Partners LP, and 16.44% for USA Compression Partners LP.

In Tuesday trading, Plains All American Pipeline LP shares are currently off about 0.1%, Phillips 66 Partners LP shares are up about 0.2%, and USA Compression Partners LP shares are up about 0.3% 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.

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