Looking at the universe of stocks we cover at Dividend Channel, on 4/30/24, Plains All American Pipeline LP (Symbol: PAA) will trade ex-dividend, for its quarterly dividend of $0.3175, payable on 5/15/24. As a percentage of PAA’s recent stock price of $18.07, this dividend works out to approximately 1.76%, so look for shares of Plains All American Pipeline LP to trade 1.76% lower — all else being equal — when PAA shares open for trading on 4/30/24.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PAA is likely to continue, and whether the current estimated yield of 7.03% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of PAA shares, versus its 200 day moving average:
Looking at the chart above, PAA’s low point in its 52 week range is $12.07 per share, with $19.03 as the 52 week high point — that compares with a last trade of $18.00.
In Friday trading, Plains All American Pipeline LP shares are currently down about 1% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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