Looking at the universe of stocks we cover at Dividend Channel, on May 20, Cablevision Systems Corporation (NYSE:CVC), Carnival Corp (NYSE:CCL) and Marriott International Inc (NASDAQ:MAR) will all trade ex-dividend for their respective upcoming dividends.
Cablevision Systems will pay its quarterly dividend of 15 cents per share on June 12, Carnival will pay its quarterly dividend of 25 cents per share also on June 12 and Marriott will pay its quarterly dividend of 25 cents per share on June 26.
As a percentage of CVC’s recent stock price of $20.50, this dividend works out to approximately 0.73%. So, look for shares of Cablevision Systems to trade 0.73% lower — all else being equal — when CVC shares open for trading on May 20. Similarly, investors should look for CCL to open 0.52% lower in price and for MAR to open 0.31% lower, all else being equal.
Below are dividend-history charts for CVC, CCL and MAR, showing historical dividends prior to the most recent ones declared.
Cablevision Systems Corporation (CVC)
Carnival Corp (CCL)
Marriott International Inc (MAR)
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 2.93% for Cablevision Systems, 2.09% for Carnival and 1.24% for Marriott.
In Monday trading, Cablevision Systems shares were up about 0.3%, Carnival shares were up about 0.1% and Marriott shares were up about 0.1% on the day.
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