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Ex-Dividend Reminder: Targa Resources Partners, Oiltanking Partners and EnLink Midstream

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Looking at the universe of stocks we cover at Dividend Channel, on 10/30/14, Targa Resources Partners LP (NYSE: NGLS), Oiltanking Partners LP (NYSE: OILT), and EnLink Midstream LLC (NYSE: ENLC) will all trade ex-dividend for their respective upcoming dividends. Targa Resources Partners LP will pay its quarterly dividend of $0.7975 on 11/14/14, Oiltanking Partners LP will pay its quarterly dividend of $0.2725 on 11/14/14, and EnLink Midstream LLC will pay its quarterly dividend of $0.23 on 11/14/14.

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As a percentage of NGLS's recent stock price of $63.98, this dividend works out to approximately 1.25%, so look for shares of Targa Resources Partners LP to trade 1.25% lower — all else being equal — when NGLS shares open for trading on 10/30/14. Similarly, investors should look for OILT to open 0.59% lower in price and for ENLC to open 0.60% lower, all else being equal.

Below are dividend history charts for NGLS, OILT, and ENLC, showing historical dividends prior to the most recent ones declared.

Targa Resources Partners LP (NYSE: NGLS):

Oiltanking Partners LP (NYSE: OILT):

EnLink Midstream LLC (NYSE: ENLC):

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 4.99% for Targa Resources Partners LP, 2.34% for Oiltanking Partners LP, and 2.40% for EnLink Midstream LLC.


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In Tuesday trading, Targa Resources Partners LP shares are currently off about 0.1%, Oiltanking Partners LP shares are up about 0.3%, and EnLink Midstream LLC shares are up about 0.1% on the day.