Looking at the universe of stocks we cover at Dividend Channel, on 2/18/15, Diamond Offshore Drilling, Inc. (NYSE: DO), Viper Energy Partners LP (NASD: VNOM), and Western Refining Inc (NYSE: WNR) will all trade ex-dividend for their respective upcoming dividends. Diamond Offshore Drilling, Inc. will pay its quarterly dividend of $0.125 on 3/2/15, Viper Energy Partners LP will pay its quarterly dividend of $0.25 on 2/27/15, and Western Refining Inc will pay its quarterly dividend of $0.30 on 3/6/15.
As a percentage of DO's recent stock price of $35.04, this dividend works out to approximately 0.36%, so look for shares of Diamond Offshore Drilling, Inc. to trade 0.36% lower — all else being equal — when DO shares open for trading on 2/18/15. Similarly, investors should look for VNOM to open 1.34% lower in price and for WNR to open 0.74% lower, all else being equal.
Below are dividend history charts for DO, VNOM, and WNR, showing historical dividends prior to the most recent ones declared.
Diamond Offshore Drilling, Inc. (NYSE: DO):
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 1.43% for Diamond Offshore Drilling, Inc., 5.37% for Viper Energy Partners LP, and 2.94% for Western Refining Inc.
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In Tuesday trading, Diamond Offshore Drilling, Inc. shares are currently down about 0.5%, Viper Energy Partners LP shares are down about 1.8%, and Western Refining Inc shares are off about 0.1% on the day.
