Looking at the universe of stocks we cover at Dividend Channel, on May 19, Thomson Reuters Corporation (USA) (NYSE:TRI), Avista Corp (NYSE:AVA) and ResMed Inc. (NYSE:RMD) will all trade ex-dividend for their respective upcoming dividends.
Thomson Reuters will pay its quarterly dividend of 33.5 cents per share on June 15, Avista will pay its quarterly dividend of 33 cents per share also on June 15 and ResMed will pay its quarterly dividend of 28 cents per share on June 18.
As a percentage of TRI’s recent stock price of $40.79, this dividend works out to approximately 0.82%. So, look for shares of Thomson Reuters to trade 0.82% lower — all else being equal — when TRI shares open for trading on June 19. Similarly, investors should look for AVA to open 1.02% lower in price and for RMD to open 0.5% lower, all else being equal.
Below are dividend history charts for TRI, AVA and RMD, showing historical dividends prior to the most recent ones declared.
Thomson Reuters Corporation (USA) (TRI)
Avista Corp (AVA)
ResMed Inc. (RMD)
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.
Dividend history 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 3.29% for Thomson Reuters, 4.09% for Avista and 1.99% for ResMed.