Looking at the universe of stocks we cover at Dividend Channel, on 7/29/14, Western Gas Equity Partners LP (NYSE: WGP), Crescent Point Energy Corp (NYSE: CPG), and Kinder Morgan Energy Partners, L.P. (NYSE: KMP) will all trade ex-dividend for their respective upcoming dividends. Western Gas Equity Partners LP will pay its quarterly dividend of $0.2712 on 8/22/14, Crescent Point Energy Corp will pay its monthly dividend of $0.23 on 8/15/14, and Kinder Morgan Energy Partners, L.P. will pay its quarterly dividend of $1.39 on 8/14/14.
As a percentage of WGP's recent stock price of $58.18, this dividend works out to approximately 0.47%, so look for shares of Western Gas Equity Partners LP to trade 0.47% lower — all else being equal — when WGP shares open for trading on 7/29/14. Similarly, investors should look for CPG to open 0.54% lower in price and for KMP to open 1.65% lower, all else being equal.
Below are dividend history charts for WGP, CPG, and KMP, showing historical dividends prior to the most recent ones declared.
Western Gas Equity Partners LP (NYSE: WGP):
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 1.86% for Western Gas Equity Partners LP, 6.54% for Crescent Point Energy Corp, and 6.60% for Kinder Morgan Energy Partners, L.P..
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In Friday trading, Western Gas Equity Partners LP shares are currently off about 1.1%, Crescent Point Energy Corp shares are down about 0.3%, and Kinder Morgan Energy Partners, L.P. shares are trading flat on the day.
