Looking at the universe of stocks we cover at Dividend Channel, on 5/5/17, Western Refining Logistics LP (WNRL) will trade ex-dividend, for its quarterly dividend of $0.4525, payable on 5/23/17. As a percentage of WNRL's recent stock price of $25.65, this dividend works out to approximately 1.76%, so look for shares of Western Refining Logistics LP to trade 1.76% lower — all else being equal — when WNRL shares open for trading on 5/5/17.

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Below is a dividend history chart for WNRL, showing historical dividends prior to the most recent $0.4525 declared by Western Refining Logistics LP:

WNRL+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 WNRL is likely to continue, and whether the current estimated yield of 7.06% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of WNRL shares, versus its 200 day moving average:

Western Refining Logistics LP 200 Day Moving Average Chart

Looking at the chart above, WNRL's low point in its 52 week range is $18.85 per share, with $26.38 as the 52 week high point — that compares with a last trade of $25.65.

According to the ETF Finder at ETF Channel, WNRL makes up 4.40% of the Zacks MLP High Income Index Shares ETF ( ZMLP) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Western Refining Logistics LP shares are currently up about 1% on the day.