You think this is bad, you should visit HCLP board!! Anyway just happen to be checking Buckeye to see if and or how Sandpiper could eventually tie into, direct or indirect to the east coast.
Just wondering why you care unless you do not want thedistribution. If you are a trader you are turning a capital gain into a largely ordinary income - WHY? If a long term investor statistically MLPs drop by about 95% of the distribution then recover most of that amount over the next month. Thus it would make sense to buy ex-div and hold for a month or two.
The problem is any income or other stuff is allocated on or close to the first day of each month. Also you price paid is not your price but again an average. Lots of complications for MLP traders.
I can guess the exdividend to be on Fefruary19 when looking back at the previous quarter. Shares that are purchased on or after Ex-dividend date are not entitled to receive the dividend. You, therefore, have to buy at least a day before Ex-dividend date to receive payment.
Sentiment: Strong Buy
Do you understand BPL has no shares and pays no dividend? That it is a partnership and issues a K-1 to unitholders? The tax differences surrounding owning a MLP?
A few of many questions that need to be answered as MLPs are VERY different and normal screening does not tell the tale for them very well. Just thoughts from an old time MLP investor.
Not sure how that will help you. The ex div date changes every quarter but you can certainly figure out when they pay (about the 15th of Feb, May, August and Nov) and the number of trading days between the last ex div and pay date and be pretty close within a day or two.
Historically about 60% of the time MLPs rise into the ex date and fall more than the distribution after. Probably human nature in getting the distribution, but more times than not that strategy has not worked. What has worked is simply waiting for a secondary.
Liza is absolutely correct.
I thought there was a better way to find the xdiv. date before the distr. announcement. I know when that last xdiv date was, and just added 12 weeks to it, but there's no guarantee's on that . What I'm trying to accomplish: when is the best time to purchase again and still get the distribution.
Sentiment: Strong Buy
When the company announces the distribution look at the press release to get your answer.
Until the announcement you will look in vain.
"often times the stock returns to it's pre-split price, doubling your investment."
yes, and in that case it would have doubled in price without the split.
You confuse ongoing performance with a result of the split. Have you seen google's price and they haven't done any splits? If they had done a split a couple of years ago, no doubt you would be attributing the subsequent double in price to the fact they did a split.
come on, MLPs are valued based on yield, distribution growth rate and a few other factors. You are suggesting the yield will drop (up to half) just due to a split. Nonsense. Whatever very short term (a day or two) impact it gives will be reversed in no time.