Reminder - Tallgrass Energy Partners (TEP) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/30/13, Tallgrass Energy Partners, LP ( TEP) will trade ex-dividend, for its quarterly dividend of $0.2975, payable on 11/13/13. As a percentage of TEP's recent stock price of $24.74, this dividend works out to approximately 1.20%, so look for shares of Tallgrass Energy Partners, LP to trade 1.20% lower — all else being equal — when TEP shares open for trading on 10/30/13.

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Below is a dividend history chart for TEP, showing historical dividends prior to the most recent $0.2975 declared by Tallgrass Energy Partners, LP:

TEP+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 TEP is likely to continue, and whether the current estimated yield of 4.81% on annualized basis is a reasonable expectation of annual yield going forward.

In Monday trading, Tallgrass Energy Partners, LP shares are currently up about 2.7% on the day.
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