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Looking at the universe of stocks we cover at Dividend Channel, on 4/25/24, EnLink Midstream LLC (Symbol: ENLC) will trade ex-dividend, for its quarterly dividend of $0.1325, payable on 5/14/24. As a percentage of ENLC's recent stock price of $13.65, this dividend works out to approximately 0.97%, so look for shares of EnLink Midstream LLC to trade 0.97% lower — all else being equal — when ENLC shares open for trading on 4/25/24.

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ENLC is likely to continue, and whether the current estimated yield of 3.88% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ENLC shares, versus its 200 day moving average:

Looking at the chart above, ENLC's low point in its 52 week range is $8.455 per share, with $14.175 as the 52 week high point — that compares with a last trade of $13.60.

In Tuesday trading, EnLink Midstream LLC shares are currently up about 0.4% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.