Looking at the universe of stocks we cover at Dividend Channel, on 1/31/14, Phillips 66 Partners LP (PSXP) will trade ex-dividend, for its quarterly dividend of $0.2248, payable on 2/13/14. As a percentage of PSXP's recent stock price of $38.89, this dividend works out to approximately 0.58%, so look for shares of Phillips 66 Partners LP to trade 0.58% lower — all else being equal — when PSXP shares open for trading on 1/31/14.
Below is a dividend history chart for PSXP, showing historical dividends prior to the most recent $0.2248 declared by Phillips 66 Partners LP:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PSXP is likely to continue, and whether the current estimated yield of 2.31% on annualized basis is a reasonable expectation of annual yield going forward.
In Wednesday trading, Phillips 66 Partners LP shares are currently up about 2.6% on the day.