Ex-Dividend Reminder: Reliance Steel & Aluminum, Oceaneering International and Energy XXI Bermuda


Looking at the universe of stocks we cover at Dividend Channel , on 5/28/14, Reliance Steel & Aluminum Co. (Symbol: RS), Oceaneering International, Inc. (Symbol: OII), and Energy XXI Bermuda Ltd (Symbol: EXXI) will all trade ex-dividend for their respective upcoming dividends. Reliance Steel & Aluminum Co. will pay its quarterly dividend of $0.35 on 6/20/14, Oceaneering International, Inc. will pay its quarterly dividend of $0.27 on 6/20/14, and Energy XXI Bermuda Ltd will pay its quarterly dividend of $0.12 on 6/13/14. As a percentage of RS's recent stock price of $72.56, this dividend works out to approximately 0.48%, so look for shares of Reliance Steel & Aluminum Co. to trade 0.48% lower - all else being equal - when RS shares open for trading on 5/28/14. Similarly, investors should look for OII to open 0.38% lower in price and for EXXI to open 0.55% lower, all else being equal.

Below are dividend history charts for RS, OII, and EXXI, showing historical dividends prior to the most recent ones declared.

Reliance Steel & Aluminum Co. (Symbol: RS) :


Oceaneering International, Inc. (Symbol: OII) :


Energy XXI Bermuda Ltd (Symbol: EXXI) :


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 1.93% for Reliance Steel & Aluminum Co., 1.50% for Oceaneering International, Inc., and 2.19% for Energy XXI Bermuda Ltd.

In Tuesday trading, Reliance Steel & Aluminum Co. shares are currently up about 0.3%, Oceaneering International, Inc. shares are up about 0.7%, and Energy XXI Bermuda Ltd shares are up about 2.1% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Options

Referenced Stocks: RS , OII , EXXI

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