Looking at the universe of stocks we cover at Dividend Channel, State Auto Financial Corp (STFC), Fair Isaac Corporation (FICO) ,and HP Inc (HP) will all trade ex-dividend for their respective upcoming dividends on 9/12/16.
State Auto Financial will pay its quarterly dividend of 10 cent per share on 9/30/16, Fair Isaac will pay its quarterly dividend of 2 cents per share on 9/28/16, and HP will pay its quarterly dividend of 12.4 cents per share on 10/5/16.
As a percentage of STFC’s recent stock price of $23.90, this dividend works out to approximately 0.42%, so look for shares of State Auto Financial to trade 0.42% lower — all else being equal — when STFC shares open for trading on 9/12/16. Similarly, investors should look for FICO to open 0.02% lower in price and for HPQ to open 0.85% lower, all else being equal.
Below are dividend history charts for STFC, FICO, and HPQ, showing historical dividends prior to the most recent ones declared.
State Auto Financial Corp. :
Fair Isaac Corp :
HP Inc :
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 1.67% for State Auto Financial 0.06% for Fair Isaac and 3.39% for HP.
More From InvestorPlace