Ex-Dividend Reminder: Seadrill Partners, Martin Midstream Partners and DCP Midstream Partners
Looking at the universe of stocks we cover at Dividend Channel , on 8/5/15, Seadrill Partners LLC (Symbol: SDLP), Martin Midstream Partners LP (Symbol: MMLP), and DCP Midstream Partners LP (Symbol: DPM) will all trade ex-dividend for their respective upcoming dividends. Seadrill Partners LLC will pay its quarterly dividend of $0.5675 on 8/14/15, Martin Midstream Partners LP will pay its quarterly dividend of $0.8125 on 8/14/15, and DCP Midstream Partners LP will pay its quarterly dividend of $0.78 on 8/14/15. As a percentage of SDLP's recent stock price of $12.59, this dividend works out to approximately 4.51%, so look for shares of Seadrill Partners LLC to trade 4.51% lower - all else being equal - when SDLP shares open for trading on 8/5/15. Similarly, investors should look for MMLP to open 2.69% lower in price and for DPM to open 2.47% lower, all else being equal.
Below are dividend history charts for SDLP, MMLP, and DPM, showing historical dividends prior to the most recent ones declared.
Seadrill Partners LLC (Symbol: SDLP) :
Martin Midstream Partners LP (Symbol: MMLP) :
DCP Midstream Partners LP (Symbol: DPM) :
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 18.03% for Seadrill Partners LLC, 10.75% for Martin Midstream Partners LP, and 9.87% for DCP Midstream Partners LP.
In Monday trading, Seadrill Partners LLC shares are currently down about 2.1%, Martin Midstream Partners LP shares are off about 1.4%, and DCP Midstream Partners LP shares are up about 1.4% on the day.