SMLP Ex-Dividend Reminder - 5/6/13

Looking at the universe of stocks we cover at Dividend Channel, on 5/6/13, Summit Midstream Partners LP (SMLP) will trade ex-dividend, for its quarterly dividend of $0.42, payable on 5/15/13. As a percentage of SMLP's recent stock price of $27.52, this dividend works out to approximately 1.53%, so look for shares of Summit Midstream Partners LP to trade 1.53% lower — all else being equal — when SMLP shares open for trading on 5/6/13.

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Below is a dividend history chart for SMLP, showing historical dividends prior to the most recent $0.42 declared by Summit Midstream Partners LP:

SMLP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SMLP is likely to continue, and whether the current estimated yield of 6.10% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of SMLP shares, versus its 200 day moving average:

Summit Midstream Partners LP 200 Day Moving Average Chart

Looking at the chart above, SMLP's low point in its 52 week range is $18.26 per share, with $28.50 as the 52 week high point — that compares with a last trade of $27.52.

In Thursday trading, Summit Midstream Partners LP shares are currently up about 0.9% on the day.

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