Looking at the universe of dividend stocks we cover at Dividend Channel, on Aug 29. Molson Coors Brewing Company (NYSE:TAP), Meredith Corporation (NYSE:MDP) and Time Inc (NYSE:TIME) will all trade ex-dividend for their respective upcoming dividends. TAP will pay its quarterly dividend of $0.41 on Sep. 15, similarly, MDP will pay its quarterly dividend of $0.495 on Sep. 15, along with TIME, which will pay its quarterly dividend of $0.19 on Sep. 15.
As a percentage of TAP’s recent stock price of $100.72, this dividend works out to approximately 0.41%, so look for shares of Molson Coors to trade 0.41% lower — all else being equal — when TAP shares open for trading on Aug. 29. Similarly, investors should look for MDP to open 0.92% lower in price and for TIME to open 1.32% lower, all else being equal.
Dividend Stocks: Ex-Dividend Reminder
Below are dividend history charts for TAP, MDP and TIME, showing historical dividends prior to the most recent ones declared.
Molson Coors Brewing Company (TAP):
Meredith Corporation (MDP):
Time Inc (TIME):
In general, dividend stocks and their yields 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 1.63% for Molson Coors, 3.67% for Meredith Corp, and 5.29% for Time.
In Friday trading, TAP shares were currently up about 0.5%, MDP shares are trading down .5% and TIME shares are down about 1% on the day.