Looking at the universe of stocks we cover at Dividend Channel, Macy’s Inc (M), Dominos Pizza, Inc. (DPZ) ,and New Jersey Resources Corp (NJR) will all trade ex-dividend for their respective upcoming dividends on 12/13/16.
Macy’s will pay its quarterly dividend of 37.75 cents per share on 1/3/17, Dominos Pizza will pay its quarterly dividend of 38 cents per share on 12/30/16, and New Jersey Resources will pay its quarterly dividend of 25.50 on 1/3/17.
As a percentage of M’s recent stock price of $42.73, this dividend works out to approximately 0.88%, so look for shares of Macy’s to trade 0.88% lower — all else being equal — when M shares open for trading on 12/13/16.
Similarly, investors should look for DPZ to open 0.23% lower in price and for NJR to open 0.71% lower, all else being equal.
Below are dividend history charts for M, DPZ, and NJR, showing historical dividends prior to the most recent ones declared.
Macy’s Inc :
Dominos Pizza Inc. :
New Jersey Resources Corp :
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 3.53% for Macy’s 0.93% for Dominos Pizza, and 2.85% for New Jersey Resources.
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