Looking at the universe of stocks we cover at Dividend Channel , on 3/27/14, Nucor Corp. (Symbol: NUE), Steel Dynamics Inc. (Symbol: STLD), and Penn West Petroleum Ltd (Symbol: PWE) will all trade ex-dividend for their respective upcoming dividends. Nucor Corp. will pay its quarterly dividend of $0.37 on 5/12/14, Steel Dynamics Inc. will pay its quarterly dividend of $0.115 on 4/11/14, and Penn West Petroleum Ltd will pay its quarterly dividend of $0.14 on 4/15/14. As a percentage of NUE's recent stock price of $51.41, this dividend works out to approximately 0.72%, so look for shares of Nucor Corp. to trade 0.72% lower - all else being equal - when NUE shares open for trading on 3/27/14. Similarly, investors should look for STLD to open 0.63% lower in price and for PWE to open 1.68% lower, all else being equal.
Below are dividend history charts for NUE, STLD, and PWE, showing historical dividends prior to the most recent ones declared. Nucor Corp. (Symbol: NUE)
: Steel Dynamics Inc. (Symbol: STLD)
: Penn West Petroleum Ltd (Symbol: PWE)
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 2.88% for Nucor Corp., 2.52% for Steel Dynamics Inc., and 6.73% for Penn West Petroleum Ltd. In Tuesday trading, Nucor Corp. shares are currently up about 1%, Steel Dynamics Inc. shares are up about 1.8%, and Penn West Petroleum Ltd shares are trading flat on the day.
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