Looking at the universe of stocks we cover at Dividend Channel, Ingersoll-Rand PLC (IR), UniFirst Corp (UNF), and Donaldson Company, Inc. (DCI) will all trade ex-dividend for their respective upcoming dividends on June 8, 2016.
Ingersoll-Rand will pay its quarterly dividend of 32 cents per share on 6/30/16, UniFirst will pay its quarterly dividend of 3.75 cents per share on 7/1/16, and Donaldson will pay its quarterly dividend of 17.5 cents per share on 6/29/16.
As a percentage of IR’s recent stock price of $65.87, this dividend works out to approximately 0.49%, so look for shares of Ingersoll-Rand to trade 0.49% lower — all else being equal — when IR shares open for trading on 6/8/16.
Similarly, investors should look for UNF to open 0.03% lower in price and for DCI to open 0.48% lower, all else being equal.
Below are dividend history charts for IR, UNF, and DCI, showing historical dividends prior to the most recent ones declared.
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 1.94% for Ingersoll-Rand, 0.13% for UniFirst, and 1.93% for Donaldson.