Looking at the universe of stocks we cover at Dividend Channel , on 8/6/18, Alliance Resource Partners LP (Symbol: ARLP), Magellan Midstream Partners LP (Symbol: MMP), and Enbridge Energy Management LLC (Symbol: EEQ) will all trade ex-dividend for their respective upcoming dividends. Alliance Resource Partners LP will pay its quarterly dividend of $0.52 on 8/14/18, Magellan Midstream Partners LP will pay its quarterly dividend of $0.9575 on 8/14/18, and Enbridge Energy Management LLC will pay its quarterly dividend of $0.35 on 8/14/18. As a percentage of ARLP's recent stock price of $19.93, this dividend works out to approximately 2.61%, so look for shares of Alliance Resource Partners LP to trade 2.61% lower - all else being equal - when ARLP shares open for trading on 8/6/18. Similarly, investors should look for MMP to open 1.34% lower in price and for EEQ to open 3.24% lower, all else being equal.
Below are dividend history charts for ARLP, MMP, and EEQ, showing historical dividends prior to the most recent ones declared.
Alliance Resource Partners LP (Symbol: ARLP) :
Magellan Midstream Partners LP (Symbol: MMP) :
Enbridge Energy Management LLC (Symbol: EEQ) :
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 10.44% for Alliance Resource Partners LP, 5.35% for Magellan Midstream Partners LP, and 12.95% for Enbridge Energy Management LLC.
In Thursday trading, Alliance Resource Partners LP shares are currently down about 0.4%, Magellan Midstream Partners LP shares are off about 0.6%, and Enbridge Energy Management LLC shares are up about 0.2% 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.
