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Ex-Dividend Reminder: Kinder Morgan Energy Partners, Kinder Morgan and Baytex Energy

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Looking at the universe of stocks we cover at Dividend Channel, on 10/29/14, Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Inc. (NYSE: KMI), and Baytex Energy Corp (NYSE: BTE) will all trade ex-dividend for their respective upcoming dividends. Kinder Morgan Energy Partners, L.P. will pay its quarterly dividend of $1.40 on 11/14/14, Kinder Morgan Inc. will pay its quarterly dividend of $0.44 on 11/17/14, and Baytex Energy Corp will pay its monthly dividend of $0.24 on 11/14/14.

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As a percentage of KMP's recent stock price of $94.95, this dividend works out to approximately 1.47%, so look for shares of Kinder Morgan Energy Partners, L.P. to trade 1.47% lower — all else being equal — when KMP shares open for trading on 10/29/14. Similarly, investors should look for KMI to open 1.13% lower in price and for BTE to open 0.78% lower, all else being equal.

Below are dividend history charts for KMP, KMI, and BTE, showing historical dividends prior to the most recent ones declared.

Kinder Morgan Energy Partners, L.P. (NYSE: KMP):

Kinder Morgan Inc. (NYSE: KMI):

Baytex Energy Corp (NYSE: BTE):

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 5.90% for Kinder Morgan Energy Partners, L.P., 4.53% for Kinder Morgan Inc., and 9.41% for Baytex Energy Corp.


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In Monday trading, Kinder Morgan Energy Partners, L.P. shares are currently off about 0.4%, Kinder Morgan Inc. shares are off about 0.4%, and Baytex Energy Corp shares are down about 3.4% on the day.