Looking at the universe of stocks we cover at Dividend Channel , on 2/1/17, EQT Midstream Partners LP (Symbol: EQM), Teekay Offshore Partners LP (Symbol: TOO), and Magellan Midstream Partners LP (Symbol: MMP) will all trade ex-dividend for their respective upcoming dividends. EQT Midstream Partners LP will pay its quarterly dividend of $0.85 on 2/14/17, Teekay Offshore Partners LP will pay its quarterly dividend of $0.11 on 2/10/17, and Magellan Midstream Partners LP will pay its quarterly dividend of $0.855 on 2/14/17. As a percentage of EQM's recent stock price of $77.66, this dividend works out to approximately 1.09%, so look for shares of EQT Midstream Partners LP to trade 1.09% lower - all else being equal - when EQM shares open for trading on 2/1/17. Similarly, investors should look for TOO to open 1.85% lower in price and for MMP to open 1.05% lower, all else being equal.
Below are dividend history charts for EQM, TOO, and MMP, showing historical dividends prior to the most recent ones declared.
EQT Midstream Partners LP (Symbol: EQM) :
Teekay Offshore Partners LP (Symbol: TOO) :
Magellan Midstream Partners LP (Symbol: MMP) :
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 4.38% for EQT Midstream Partners LP, 7.39% for Teekay Offshore Partners LP, and 4.22% for Magellan Midstream Partners LP.
In Monday trading, EQT Midstream Partners LP shares are currently down about 0.8%, Teekay Offshore Partners LP shares are off about 2%, and Magellan Midstream Partners LP shares are off about 0.5% 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.
