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Ex-Dividend Reminder: Phillips 66 Partners, Shell Midstream Partners and EnLink Midstream Partners

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Looking at the universe of stocks we cover at Dividend Channel , on 1/27/17, Phillips 66 Partners LP (Symbol: PSXP), Shell Midstream Partners LP (Symbol: SHLX), and EnLink Midstream Partners LP (Symbol: ENLK) will all trade ex-dividend for their respective upcoming dividends. Phillips 66 Partners LP will pay its quarterly dividend of $0.558 on 2/13/17, Shell Midstream Partners LP will pay its quarterly dividend of $0.277 on 2/14/17, and EnLink Midstream Partners LP will pay its quarterly dividend of $0.39 on 2/13/17. As a percentage of PSXP's recent stock price of $53.91, this dividend works out to approximately 1.04%, so look for shares of Phillips 66 Partners LP to trade 1.04% lower - all else being equal - when PSXP shares open for trading on 1/27/17. Similarly, investors should look for SHLX to open 0.88% lower in price and for ENLK to open 2.16% lower, all else being equal.

Below are dividend history charts for PSXP, SHLX, and ENLK, showing historical dividends prior to the most recent ones declared.

Phillips 66 Partners LP (Symbol: PSXP) :

PSXP+Dividend+History+Chart

Shell Midstream Partners LP (Symbol: SHLX) :

SHLX+Dividend+History+Chart

EnLink Midstream Partners LP (Symbol: ENLK) :

ENLK+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 recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.14% for Phillips 66 Partners LP, 3.52% for Shell Midstream Partners LP, and 8.65% for EnLink Midstream Partners LP.

In Wednesday trading, Phillips 66 Partners LP shares are currently up about 0.6%, Shell Midstream Partners LP shares are up about 1.1%, and EnLink 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.

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