Looking at the universe of stocks we cover at Dividend Channel, BP plc (BP), Oshkosh (OSK), and Archer Daniels Midland (ADM) will all trade ex-dividend for their respective upcoming dividends on February 11, 2016.
BP plc will pay its quarterly dividend of 10 cents per share on 3/24/16, Oshkosh will pay its quarterly dividend of 19 cents per share on 3/1/16, and Archer Daniels Midland will pay its quarterly dividend of 30 cents per share on 3/8/16.
As a percentage of BP’s recent stock price of $4.98, this dividend works out to approximately 2.01%, so look for shares of BP to trade 2.01% lower — all else being equal — when BP shares open for trading on 2/11/16.
Similarly, investors should look for OSK to open 0.61% lower in price and for ADM to open 0.90% lower, all else being equal.
Below are dividend history charts for BP, OSK, and ADM, showing historical dividends prior to the most recent ones declared.
BP plc:
Oshkosh:
Archer Daniels Midland:
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue.
If they do continue, the current estimated yields on annualized basis would be 8.03% for BP plc, 2.44% for Oshkosh, and 3.62% for Archer Daniels Midland.
