Looking at the universe of stocks we cover at Dividend Channel, on 10/29/14, Legacy Reserves LP (NASD: LGCY), Vermilion Energy Inc. (NYSE: VET), and Williams Partners L.P. (NYSE: WPZ) will all trade ex-dividend for their respective upcoming dividends. Legacy Reserves LP will pay its quarterly dividend of $0.61 on 11/14/14, Vermilion Energy Inc. will pay its monthly dividend of $0.215 on 11/17/14, and Williams Partners L.P. will pay its quarterly dividend of $0.9285 on 11/7/14.
As a percentage of LGCY's recent stock price of $22.89, this dividend works out to approximately 2.66%, so look for shares of Legacy Reserves LP to trade 2.66% lower — all else being equal — when LGCY shares open for trading on 10/29/14. Similarly, investors should look for VET to open 0.38% lower in price and for WPZ to open 1.84% lower, all else being equal.
Below are dividend history charts for LGCY, VET, and WPZ, showing historical dividends prior to the most recent ones declared.
Legacy Reserves LP (NASD: LGCY):
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 10.66% for Legacy Reserves LP, 4.51% for Vermilion Energy Inc., and 7.34% for Williams Partners L.P..
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In Monday trading, Legacy Reserves LP shares are currently off about 1.4%, Vermilion Energy Inc. shares are down about 2.9%, and Williams Partners L.P. shares are up about 1.1% on the day.
