Looking at the universe of stocks we cover at Dividend Channel, American States Water Co (AWR), Southern Company (SO), and ALLETE Inc (ALE) will all trade ex-dividend for their respective upcoming dividends on 8/11/16.
American States Water will pay its quarterly dividend of 22.4 cents per share on 9/1/16, Southern Company will pay its quarterly dividend of 56 cents per share on 9/6/16, and Allete will pay its quarterly dividend of 52 cents per share on 9/1/16.
As a percentage of AWR’s recent stock price of $42.59, this dividend works out to approximately 0.53%, so look for shares of American States Water to trade 0.53% lower — all else being equal — when AWR shares open for trading on 8/11/16. Similarly, investors should look for SO to open 1.06% lower in price and for ALE to open 0.85% lower, all else being equal.
Below are dividend history charts for AWR, SO, and ALE, showing historical dividends prior to the most recent ones declared.
American States Water:
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 2.10% for American States Water, 4.26% for Southern Co, and 3.40% for Allete.
In Tuesday trading, American States Water shares are currently off about 0.1%, Southern Co shares are down about 0.1%, and Allete shares are up about 0.1% on the day.