Ex-Dividend Reminder: Plains All American Pipeline, Western Midstream Partners and Targa Resources

Looking at the universe of stocks we cover at Dividend Channel, on 4/30/19, Plains All American Pipeline LP (Symbol: PAA), Western Midstream Partners LP (Symbol: WES), and Targa Resources Corp (Symbol: TRGP) will all trade ex-dividend for their respective upcoming dividends. Plains All American Pipeline LP will pay its quarterly dividend of $0.36 on 5/15/19, Western Midstream Partners LP will pay its quarterly dividend of $0.61 on 5/14/19, and Targa Resources Corp will pay its quarterly dividend of $0.91 on 5/15/19. As a percentage of PAA's recent stock price of $23.59, this dividend works out to approximately 1.53%, so look for shares of Plains All American Pipeline LP to trade 1.53% lower — all else being equal — when PAA shares open for trading on 4/30/19. Similarly, investors should look for WES to open 1.86% lower in price and for TRGP to open 2.27% lower, all else being equal.

Below are dividend history charts for PAA, WES, and TRGP, showing historical dividends prior to the most recent ones declared.

Plains All American Pipeline LP (Symbol: PAA):


Western Midstream Partners LP (Symbol: WES):


Targa Resources Corp (Symbol: TRGP):


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 6.10% for Plains All American Pipeline LP, 7.43% for Western Midstream Partners LP, and 9.06% for Targa Resources Corp.

In Friday trading, Plains All American Pipeline LP shares are currently off about 0.4%, Western Midstream Partners LP shares are off about 0.4%, and Targa Resources Corp shares are off about 0.1% 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.

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