Dividend Growth of Midcoast Energy Partners, L.P.(MEP)

Midcoast Energy Partners, L.P.(MEP) is having a Dividend Yield of 17.76% with the Annual cash Dividend per share of $1.43. The last quarter cash dividend per share pay out was $0.36. Midcoast Energy Partners, L.P. has a 5 year average dividend yield of 11.92% and the stock has a Indicated annual dividend of $1.43. Midcoast Energy Partners, L.P.(MEP) formally announced its most recent dividend on January 27, 2017 with a Dividend per share of $0.36. The new indicated annual dividend based on announced dividend per share is $1.43. The dividend yield based on the forward looking indicated annual dividend is 17.76%. The 5 year historical dividend growth of Midcoast Energy Partners, L.P.(MEP) is at the rate of 16.17% while the R-Squared dividend growth is 0.39. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Midcoast Energy Partners, L.P. (NYSE:MEP) witnessed a decline in the market cap on Thursday as its shares dropped 0.62% or 0.05 points. After the session commenced at $8, the stock reached the higher end at $8.04 while it hit a low of $7.95. With the volume soaring to 653,753 shares, the last trade was called at $8. The company has a 52-week high of $9.89. The company has a market cap of $362 million and there are 45,220,112 shares in outstanding. The 52-week low of the share price is $3.764. Shares of Midcoast Energy Partners, L.P. rose by 0.63% in the last five trading days and 5.83% for the last 4 weeks. Midcoast Energy Partners, L.P. is up 16.12% in the last 3-month period. Year-to-Date the stock performance stands at 18.59%.

Institutional Investors own 64.71% of Midcoast Energy Partners, L.P. shares. Company has reported several Insider transactions to the SEC, on Feb 26, 2016, E Chris Kaitson (Vice President-Law & Asst Sec) purchased 2,250 shares at 3.93 per share price.On Dec 17, 2015, Stephen J Neyland (Vice President – Finance) purchased 3,570 shares at 6.98 per share price.On Dec 17, 2015, David A. Weathers (VP – Business Dev US Midstream) purchased 3,000 shares at 7.00 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Midcoast Energy Partners LP was Upgraded by Credit Suisse to Neutral on Jan 30, 2017.

Midcoast Energy Partners LP Last issued its quarterly earnings results on Feb 15, 2017. The company reported $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $-0.16. The company had revenue of $620.50 million for the quarter, compared to analysts expectations of $541.74 million. The companys revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Midcoast Energy Partners, L.P. engages in providing natural gas services. It focuses on gathering, processing, treating, transporting, and marketing natural gas and natural gas liquids to intrastate and interstate pipelines for transportation. The Company operates in two segments: gathering, processing and transportation and logistics and marketing. Midcoast Energy Partners, L.P. is based in Houston, Texas.


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