Not meaning to be insulting, but maybe it is OK to be a bit upset about the continual posting by people who do not read the news where the distribution/dividend info is posted; then ask when it will be paid. Can they not read or are they simply too lazy!
Re to dean "you should have purchased the stock one day before the ex-dividend date"
Yea but why?
I follow 10 MLP's but own only 6 of them now. This round of Ex's. On average the drop in unit price on Ex is -4.3%. On average the drop in AMZ index on the same days -0.1% So unit price drops -4.2% relative to the market. Average yield for the quarter is 2.6%. So, you pay a 4.2% premimum to get a refund of 2.6%. In none of the 10 MLP's would you have won. (NONE)
Like saying you can buy a product for $1.02 and get a rebate of $0.01 or just pay $1.00 tomorrow. Hummmm, sounds difficult for the "weak" in math.
As to ETP relative drop in unit price -3.4% for a distribution of 2.5%.
This is normal based on past data for the same MLP's.
However, there is a good reason to know when Ex is. So the logical investor can buy soon after Ex day.