Looking at the universe of stocks we cover at Dividend Channel, on 8/3/16, Enbridge Energy Partners, L.P. (NYSE: EEP), Noble Energy, Inc. (NYSE: NBL), and Baker Hughes Inc. (NYSE: BHI) will all trade ex-dividend for their respective upcoming dividends. Enbridge Energy Partners, L.P. will pay its quarterly dividend of $0.583 on 8/12/16, Noble Energy, Inc. will pay its quarterly dividend of $0.10 on 8/22/16, and Baker Hughes Inc. will pay its quarterly dividend of $0.17 on 8/19/16.
As a percentage of EEP's recent stock price of $23.03, this dividend works out to approximately 2.53%, so look for shares of Enbridge Energy Partners, L.P. to trade 2.53% lower — all else being equal — when EEP shares open for trading on 8/3/16. Similarly, investors should look for NBL to open 0.29% lower in price and for BHI to open 0.37% lower, all else being equal.
Below are dividend history charts for EEP, NBL, and BHI, showing historical dividends prior to the most recent ones declared.
Enbridge Energy Partners, L.P. (NYSE: EEP):
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 10.13% for Enbridge Energy Partners, L.P., 1.16% for Noble Energy, Inc., and 1.47% for Baker Hughes Inc..
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In Tuesday trading, Enbridge Energy Partners, L.P. shares are currently up about 1%, Noble Energy, Inc. shares are up about 0.4%, and Baker Hughes Inc. shares are up about 1.4% on the day.
