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Ex-Dividend Reminder: Magellan Midstream Partners, Summit Midstream Partners and Cheniere Energy Partners

Looking at the universe of stocks we cover at Dividend Channel , on 2/6/19, Magellan Midstream Partners LP (Symbol: MMP), Summit Midstream Partners LP (Symbol: SMLP), and Cheniere Energy Partners L P (Symbol: CQP) will all trade ex-dividend for their respective upcoming dividends. Magellan Midstream Partners LP will pay its quarterly dividend of $0.9975 on 2/14/19, Summit Midstream Partners LP will pay its quarterly dividend of $0.575 on 2/14/19, and Cheniere Energy Partners L P will pay its quarterly dividend of $0.59 on 2/14/19. As a percentage of MMP's recent stock price of $60.63, this dividend works out to approximately 1.65%, so look for shares of Magellan Midstream Partners LP to trade 1.65% lower - all else being equal - when MMP shares open for trading on 2/6/19. Similarly, investors should look for SMLP to open 4.13% lower in price and for CQP to open 1.40% lower, all else being equal.

Below are dividend history charts for MMP, SMLP, and CQP, showing historical dividends prior to the most recent ones declared.

Magellan Midstream Partners LP (Symbol: MMP) :

MMP+Dividend+History+Chart

Summit Midstream Partners LP (Symbol: SMLP) :

SMLP+Dividend+History+Chart

Cheniere Energy Partners L P (Symbol: CQP) :

CQP+Dividend+History+Chart

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 recen t dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.58% for Magellan Midstream Partners LP, 16.53% for Summit Midstream Partners LP, and 5.62% for Cheniere Energy Partners L P.

In Monday trading, Magellan Midstream Partners LP shares are currently down about 0.2%, Summit Midstream Partners LP shares are up about 2.7%, and Cheniere Energy Partners L P shares are off about 0.2% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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.

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