Looking at the universe of stocks we cover at Dividend Channel, on 7/29/15, Plains GP Holdings, L.P (NYSE: PAGP), EnLink Midstream Partners LP (NYSE: ENLK), and Kinder Morgan Inc. (NYSE: KMI) will all trade ex-dividend for their respective upcoming dividends. Plains GP Holdings, L.P will pay its quarterly dividend of $0.227 on 8/14/15, EnLink Midstream Partners LP will pay its quarterly dividend of $0.385 on 8/13/15, and Kinder Morgan Inc. will pay its quarterly dividend of $0.49 on 8/14/15.
As a percentage of PAGP's recent stock price of $23.70, this dividend works out to approximately 0.96%, so look for shares of Plains GP Holdings, L.P to trade 0.96% lower — all else being equal — when PAGP shares open for trading on 7/29/15. Similarly, investors should look for ENLK to open 1.99% lower in price and for KMI to open 1.42% lower, all else being equal.
Below are dividend history charts for PAGP, ENLK, and KMI, showing historical dividends prior to the most recent ones declared.
Plains GP Holdings, L.P (NYSE: PAGP):
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 dividend yields from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.83% for Plains GP Holdings, L.P, 7.98% for EnLink Midstream Partners LP, and 5.68% for Kinder Morgan Inc..
Special Offer: Free Sample Issue to the Preferred Stock List Newsletter
In Monday trading, Plains GP Holdings, L.P shares are currently off about 1.3%, EnLink Midstream Partners LP shares are off about 2%, and Kinder Morgan Inc. shares are down about 0.9% on the day.
