Looking at the universe of stocks we cover at Dividend Channel, on 12/8/15, Best Buy (BBY), South Jersey Industries (SJI) and Pepco (POM) will all trade ex-dividend for their respective upcoming dividends.
Best Buy will pay its quarterly dividend of 23 cents per share on 12/31/15, South Jersey Industries will pay its quarterly dividend of 26.37 cents per share on 12/29/15, and Pepco will pay its quarterly dividend of 27 cents on 12/31/15.
As a percentage of BBY’s recent stock price of $31.22, this dividend works out to approximately 0.74%, so look for shares of Best Buy to trade 0.74% lower — all else being equal — when BBY shares open for trading on 12/8/15.
Similarly, investors should look for SJI to open 1.17% lower in price and for POM to open 1.03% lower, all else being equal.
Below are dividend history charts for BBY, SJI, and POM, showing historical dividends prior to the most recent ones declared.
South Jersey Industries:
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 2.95% for Best Buy, 4.68% for South Jersey Industries, and 4.14% for Pepco.
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