Upcoming Ex-Dividend Dates for Key Energy Stocks
Cheniere Energy, MPLX, and Sunoco Prepare for Dividend Payouts
On November 8, 2024, investors should note that Cheniere Energy Inc. (Symbol: LNG), MPLX LP (Symbol: MPLX), and Sunoco LP (Symbol: SUN) will all trade ex-dividend. This means that buyers of these stocks on or after this date will not receive the upcoming dividends. Cheniere Energy Inc. is set to distribute its quarterly dividend of $0.50 on November 18, 2024. MPLX LP will pay a quarterly dividend of $0.9565 on November 15, 2024, while Sunoco LP’s quarterly dividend is $0.8756, payable on November 19, 2024.
Considering LNG’s recent stock price of $192.58, the upcoming dividend represents approximately 0.26%. Traders can expect shares of Cheniere Energy Inc. to decrease by this percentage when the market opens on November 8. In a similar vein, MPLX’s shares may drop about 2.11%, while SUN may see a decline of around 1.64%, assuming all other factors remain constant.
Below are the dividend history charts for LNG, MPLX, and SUN, showcasing previous dividends leading up to the latest announcements.
Cheniere Energy Inc. (Symbol: LNG):
MPLX LP (Symbol: MPLX):
Sunoco LP (Symbol: SUN):
Dividends can be inconsistent, often reflecting the financial successes or struggles of a company. Analyzing the historical data above provides insights into the stability of these dividends, helping investors gauge whether recent payouts are sustainable. If these dividends continue, the estimated annualized yields would stand at 1.04% for Cheniere Energy Inc., 8.43% for MPLX LP, and 6.58% for Sunoco LP.
On Wednesday, shares showed encouraging trends in trading. Cheniere Energy Inc. saw an increase of approximately 2%, MPLX LP rose by about 2.4%, and Sunoco LP appreciated by roughly 3.6% during the day.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
