Cash Dividend On The Way From Teekay LNG Partners LP (TGP)

Looking at the universe of stocks we cover at Dividend Channel, on 10/21/13, Teekay LNG Partners LP (TGP) will trade ex-dividend, for its quarterly dividend of $0.675, payable on 11/8/13. As a percentage of TGP's recent stock price of $41.49, this dividend works out to approximately 1.63%, so look for shares of Teekay LNG Partners LP to trade 1.63% lower — all else being equal — when TGP shares open for trading on 10/21/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for TGP, showing historical dividends prior to the most recent $0.675 declared by Teekay LNG Partners LP:

TGP+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 TGP is likely to continue, and whether the current estimated yield of 6.51% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of TGP shares, versus its 200 day moving average:

Teekay LNG Partners LP 200 Day Moving Average Chart

Looking at the chart above, TGP's low point in its 52 week range is $34.50 per share, with $45.42 as the 52 week high point — that compares with a last trade of $41.33.

According to the ETF Finder at ETF Channel, TGP makes up 4.27% of the Guggenheim Shipping ETF ( SEA) which is trading higher by about 0.1% on the day Thursday.

In Thursday trading, Teekay LNG Partners LP shares are currently up about 0.4% on the day.

null

More from Stocks

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric