Credit: Shutterstock photoLooking at the universe of stocks we cover at Dividend Channel , on 2/3/17, Delek Logistics Partners LP (Symbol: DKL), Energy Transfer Partners LP (Symbol: ETP), and Summit Midstream Partners LP (Symbol: SMLP) will all trade ex-dividend for their respective upcoming dividends. Delek Logistics Partners LP will pay its quarterly dividend of $0.68 on 2/14/17, Energy Transfer Partners LP will pay its quarterly dividend of $1.055 on 2/14/17, and Summit Midstream Partners LP will pay its quarterly dividend of $0.575 on 2/14/17. As a percentage of DKL's recent stock price of $34.75, this dividend works out to approximately 1.96%, so look for shares of Delek Logistics Partners LP to trade 1.96% lower - all else being equal - when DKL shares open for trading on 2/3/17. Similarly, investors should look for ETP to open 2.73% lower in price and for SMLP to open 2.38% lower, all else being equal.
Below are dividend history charts for DKL, ETP, and SMLP, showing historical dividends prior to the most recent ones declared.
Delek Logistics Partners LP (Symbol: DKL) :
Energy Transfer Partners LP (Symbol: ETP) :
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 7.83% for Delek Logistics Partners LP, 10.92% for Energy Transfer Partners LP, and 9.53% for Summit Midstream Partners LP.
In Wednesday trading, Delek Logistics Partners LP shares are currently up about 0.9%, Energy Transfer Partners LP shares are up about 1.3%, and Summit Midstream Partners LP shares are up about 0.7% 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.
