Looking at the universe of stocks we cover at Dividend Channel, on 7/28/21, BP Midstream Partners LP (Symbol: BPMP) will trade ex-dividend, for its quarterly dividend of $0.3475, payable on 8/12/21. As a percentage of BPMP's recent stock price of $14.31, this dividend works out to approximately 2.43%, so look for shares of BP Midstream Partners LP to trade 2.43% lower — all else being equal — when BPMP shares open for trading on 7/28/21.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BPMP is likely to continue, and whether the current estimated yield of 9.71% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BPMP shares, versus its 200 day moving average:
Looking at the chart above, BPMP's low point in its 52 week range is $9.30 per share, with $15.77 as the 52 week high point — that compares with a last trade of $14.26.
In Monday trading, BP Midstream Partners LP shares are currently up about 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.