ETP kept their dividend consistent, and the stock goes down over 1%!!! Looks like there was some disappointment in this announcement. Where else can you get a consistent dividend payment of 7.5% with a fairly stable stock? I think the bears will get a surprise with ETP as the year goes on. I look for $40+ by year end.
The one thing you need to consider is that management said about a year ago that they planned on increasing the dividend. This has happened yet and each time they announce the dividend being the same there has been a small dip.
MLP's in general were down today... KMP, PAA, EPD, MMP, BWP, BPL, EPB, NGLS, and RGP all closed down. We've got 4 more trading sessions before ex-dividend date (next Wednesday May 2nd) and usually it rises in this time. Look at the price history from previous quarters.