Looking at the universe of stocks we cover at Dividend Channel, on 5/4/16, Golar LNG Partners LP (NASD: GMLP), Eaton Corp plc (NYSE: ETN), and Alcoa, Inc. (NYSE: AA) will all trade ex-dividend for their respective upcoming dividends. Golar LNG Partners LP will pay its quarterly dividend of $0.5775 on 5/13/16, Eaton Corp plc will pay its quarterly dividend of $0.57 on 5/20/16, and Alcoa, Inc. will pay its quarterly dividend of $0.03 on 5/25/16.
As a percentage of GMLP's recent stock price of $16.73, this dividend works out to approximately 3.45%, so look for shares of Golar LNG Partners LP to trade 3.45% lower — all else being equal — when GMLP shares open for trading on 5/4/16. Similarly, investors should look for ETN to open 0.91% lower in price and for AA to open 0.27% lower, all else being equal.
Below are dividend history charts for GMLP, ETN, and AA, showing historical dividends prior to the most recent ones declared.
Golar LNG Partners LP (NASD: GMLP):
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 13.81% for Golar LNG Partners LP, 3.63% for Eaton Corp plc, and 1.09% for Alcoa, Inc..
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In Monday trading, Golar LNG Partners LP shares are currently down about 1.2%, Eaton Corp plc shares are down about 0.6%, and Alcoa, Inc. shares are off about 1.1% on the day.
