Looking at the universe of stocks we cover at Dividend Channel, on 5/4/16, Crestwood Equity Partners LP (NYSE: CEQP), BP p.l.c. (NYSE: BP), and Enable Midstream Partners L.P. (NYSE: ENBL) will all trade ex-dividend for their respective upcoming dividends. Crestwood Equity Partners LP will pay its quarterly dividend of $0.60 on 5/13/16, BP p.l.c. will pay its quarterly dividend of $0.60 on 6/17/16, and Enable Midstream Partners L.P. will pay its quarterly dividend of $0.318 on 5/13/16.
As a percentage of CEQP's recent stock price of $18.24, this dividend works out to approximately 3.29%, so look for shares of Crestwood Equity Partners LP to trade 3.29% lower — all else being equal — when CEQP shares open for trading on 5/4/16. Similarly, investors should look for BP to open 1.79% lower in price and for ENBL to open 2.57% lower, all else being equal.
Below are dividend history charts for CEQP, BP, and ENBL, showing historical dividends prior to the most recent ones declared.
Crestwood Equity Partners LP (NYSE: CEQP):
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 13.16% for Crestwood Equity Partners LP, 7.15% for BP p.l.c., and 10.29% for Enable Midstream Partners L.P..
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In Monday trading, Crestwood Equity Partners LP shares are currently down about 1%, BP p.l.c. shares are trading flat, and Enable Midstream Partners L.P. shares are up about 4.1% on the day.
