Spectra Energy Partners, LP (NYSE:SEP) Updates On Quarterly Dividend


As per Spectra Energy Partners, LP (NYSE:SEP) statement on 2016-08-03, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.664 per share as dividend to stakeholders. The record date is set as 2016-08-15, the payout date as 2016-08-26 and the ex-dividend date is 2016-08-11.

Last fiscal Spectra Energy Partners, LP (NYSE:SEP) disbursed cash dividend of $0.664. A year ago, the payout was $0.664, which indicates a difference of 8.2405%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.664, implying 7.4067% growth.

For the period ended on 2015-12-31, Spectra Energy Partners, LP (NYSE:SEP)’s earnings came at $0.73 per share compared to EPS of $0.85 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-02. For this quarter, the analysts have earnings estimate of $0.8 per share.

The interim price target for Spectra Energy Partners, LP (NYSE:SEP) is set at $53.384. This level is the mean price reached by averaging the stock views of 13 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Spectra Energy Partners, LP (NYSE:SEP) is seen at $60 and the lowest level is established at $45. This broad range highlights a standard deviation of $4.011 in reported estimates.

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