Shell Midstream Partners (SHLX) has a current dividend yield of 8.37% and is rated as “Boderline Safe” by SimplySafeDividends. I hold SHLX in my Medium Yield Portfolio. In total SHLX is 1.7% of my portfolio.

Shell Midstream Partners (SHLX) is owned by Shell PLC (SHEL)

The London-based oil major provided the guidance Thursday ahead of quarterly earnings scheduled for May 5. The disclosure gives investors additional clues about the impact Western companies face as a result of moves to divorce themselves from Russia.

Shell said on Feb. 28 that it would end its involvement in financing the Nord Stream 2 natural-gas pipeline project. Shell also said it would exit its 27.5% stake in a major offshore gas project in Russia’s Far East that is 50% owned by Gazprom and supplies around 4% of the world’s liquefied-natural-gas market. The company said at that time that the value of its noncurrent assets tied to its Russian ventures was about $3 billion.

The range of expected charges Shell provided Thursday, of $4 billion to $5 billion, also includes other estimated knock-on impacts of quitting its Russian operations. Those include the possibility of unpaid contracts and other credit losses.

Shell Warns of Up to $5 Billion Hit From Russia Exit – WSJ