Looking at the universe of stocks we cover at Dividend Channel, on 10/25/19, Holly Energy Partners LP (Symbol: HEP) will trade ex-dividend, for its quarterly dividend of $0.6725, payable on 11/12/19. As a percentage of HEP's recent stock price of $23.51, this dividend works out to approximately 2.86%, so look for shares of Holly Energy Partners LP to trade 2.86% lower — all else being equal — when HEP shares open for trading on 10/25/19.
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 11.44% 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 $20.8101 per share, with $31.31 as the 52 week high point — that compares with a last trade of $23.34.
In Thursday trading, Holly Energy Partners LP shares are currently trading flat 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.
