Looking at the universe of stocks we cover at Dividend Channel, on 10/29/21, Western Midstream Partners LP (Symbol: WES), Shell Midstream Partners LP (Symbol: SHLX), and Baker Hughes Company (Symbol: BKR) will all trade ex-dividend for their respective upcoming dividends. Western Midstream Partners LP will pay its quarterly dividend of $0.323 on 11/12/21, Shell Midstream Partners LP will pay its quarterly dividend of $0.30 on 11/12/21, and Baker Hughes Company will pay its quarterly dividend of $0.18 on 11/12/21. As a percentage of WES's recent stock price of $21.86, this dividend works out to approximately 1.48%, so look for shares of Western Midstream Partners LP to trade 1.48% lower — all else being equal — when WES shares open for trading on 10/29/21. Similarly, investors should look for SHLX to open 2.40% lower in price and for BKR to open 0.72% lower, all else being equal.
Below are dividend history charts for WES, SHLX, and BKR, showing historical dividends prior to the most recent ones declared.
Western Midstream Partners LP (Symbol: WES):
Shell Midstream Partners LP (Symbol: SHLX):
Baker Hughes Company (Symbol: BKR):
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 5.91% for Western Midstream Partners LP, 9.61% for Shell Midstream Partners LP, and 2.89% for Baker Hughes Company.
In Thursday trading, Western Midstream Partners LP shares are currently off about 0.5%, Shell Midstream Partners LP shares are off about 0.6%, and Baker Hughes Company shares are off about 0.3% 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.