Looking at the universe of stocks we cover at Dividend Channel, on 10/29/21, Holly Energy Partners LP (Symbol: HEP) will trade ex-dividend, for its quarterly dividend of $0.35, payable on 11/12/21. As a percentage of HEP's recent stock price of $19.13, this dividend works out to approximately 1.83%, so look for shares of Holly Energy Partners LP to trade 1.83% lower — all else being equal — when HEP shares open for trading on 10/29/21.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HEP is likely to continue, and whether the current estimated yield of 7.32% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HEP shares, versus its 200 day moving average:
Looking at the chart above, HEP's low point in its 52 week range is $10.48 per share, with $23.69 as the 52 week high point — that compares with a last trade of $18.96.
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Holly Energy Partners LP shares are currently up about 1.1% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.