Midcoast Energy Partners About To Put More Money In Your Pocket (MEP)

Looking at the universe of stocks we cover at Dividend Channel, on 5/6/15, Midcoast Energy Partners LP ( MEP) will trade ex-dividend, for its quarterly dividend of $0.3475, payable on 5/15/15. As a percentage of MEP's recent stock price of $13.50, this dividend works out to approximately 2.57%, so look for shares of Midcoast Energy Partners LP to trade 2.57% lower — all else being equal — when MEP shares open for trading on 5/6/15.

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Below is a dividend history chart for MEP, showing historical dividends prior to the most recent $0.3475 declared by Midcoast Energy Partners LP:

MEP+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 MEP is likely to continue, and whether the current estimated yield of 10.30% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MEP shares, versus its 200 day moving average:

Midcoast Energy Partners LP 200 Day Moving Average Chart

Looking at the chart above, MEP's low point in its 52 week range is $11.41 per share, with $25.13 as the 52 week high point — that compares with a last trade of $13.30.

In Monday trading, Midcoast Energy Partners LP shares are currently off about 0.6% on the day.

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