Yahoo! uses that last dividend [but let's call them 'distributions' so as to not confuse the newbies] as a run rate for their calculations. The last announced DISTRIBUTION by ETP was for four months - and not for a quarter - as they are changing their calendar year.
Re to Bob "The last announced DISTRIBUTION by ETP was for four months"
Reporting sites and organizations just let the computers run. They do not do their basic homework.
I once had a stock that paid 2 times a year, one dividend larger than the other each year. That made for some strange and inaccurate numbers on all the sites. Pays one to keep up on message board and do their own homework. I keep an online portfolio with flags to note any news for the equities I follow. Each day I check for news. Many useless, but others important. Like today MMP announced dist. increase #27 in a row if I remember correctly.
Have a nice day and payout dates are only a few weeks away. I get mine and spend it. Wheeeee!
Ditto here. I once purchased a preferred that had been out for a several months. The first dividend was for a four month period. Thought the return was higher than it was because I did not do my DD. Due to ETP and ETE paying a four month distribution ... to the investor that does not look BEHIND the number the yield will appear much better than reality. The distribution yield on schwab is reflecting 16 months not 12 months. This should provide some 'lift' to the unit value from investors seeking yield if ... the investor does not do thier homework.