Looking at the universe of stocks we cover at Dividend Channel , on 8/6/18, Crestwood Equity Partners LP (Symbol: CEQP), Valero Energy Corp (Symbol: VLO), and Summit Midstream Partners LP (Symbol: SMLP) will all trade ex-dividend for their respective upcoming dividends. Crestwood Equity Partners LP will pay its quarterly dividend of $0.60 on 8/14/18, Valero Energy Corp will pay its quarterly dividend of $0.80 on 9/5/18, and Summit Midstream Partners LP will pay its quarterly dividend of $0.575 on 8/14/18. As a percentage of CEQP's recent stock price of $36.05, this dividend works out to approximately 1.66%, so look for shares of Crestwood Equity Partners LP to trade 1.66% lower - all else being equal - when CEQP shares open for trading on 8/6/18. Similarly, investors should look for VLO to open 0.70% lower in price and for SMLP to open 3.32% lower, all else being equal.
Below are dividend history charts for CEQP, VLO, and SMLP, showing historical dividends prior to the most recent ones declared.
Crestwood Equity Partners LP (Symbol: CEQP) :
Valero Energy Corp (Symbol: VLO) :
Summit Midstream Partners LP (Symbol: SMLP) :
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 6.66% for Crestwood Equity Partners LP, 2.78% for Valero Energy Corp, and 13.29% for Summit Midstream Partners LP.
In Thursday trading, Crestwood Equity Partners LP shares are currently off about 0.6%, Valero Energy Corp shares are down about 1.5%, and Summit Midstream Partners LP shares are down about 0.6% 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.