uploads///Dividend Per Share And Quarter On Quarter Dividend Growth Rate Of Western Gas Partners LP

Midstream Energy Firms Outperform as Western Gas Partners LP Raises Dividends

By

Oct. 15 2015, Published 6:37 p.m. ET

3Q15 dividend grew by 3.33% over 2Q15

Western Gas Partners LP (WES) has announced a quarterly dividend of $0.775 per share on October 14, 2015, for 3Q15. The dividend grew by 3.33% in 3Q15 over 2Q15. The record date for the dividend is November 2, 2015, at the close of business hours. The dividend will be payable on November 12, 2015. Year over year dividend growth now stands at ~15%. The 3Q15 earnings will be announced on October 28, 2015, after market close.

Below is the graph illustrating quarterly dividends and growth rate.

 

Article continues below advertisement

Quarterly volatility and market sensitivity

Volatility measures the expected fluctuation in periodic average returns. The quarterly price volatility of Western Partners stock in 3Q15 was at ~14.5%, up by ~124% compared to 2Q15. Beta measures market sensitivity in relation to the S&P500. Higher beta stocks tend to move more than the market benchmark and lower beta stocks tend to move less. In rising markets, higher beta stocks are preferred and in falling markets, stocks with a lower beta are viewed as having less market risk. The quarterly beta in 3Q15 was 0.96x against S&P 500 index benchmark (SPY), up by ~284% compared to 2Q15. Betas and correlations of most energy stocks have been seen rising with the market as it may appear that the market has been driven by energy stocks, and not the market doing the driving.
The beta of the Energy Select Sector SPDR ETF (XLE) for 3Q15 was 0.24x. The beta of Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) in 3Q15 were 1.24x and 0.24x respectively.
Below is the graph that illustrates quarterly beta and volatility.

Advertisement

More From Market Realist