Looking at the universe of stocks we cover at Dividend Channel , on 2/26/14, Baytex Energy Corp (Symbol: BTE), Tesoro Corporation (Symbol: TSO), and Alon USA Energy Inc (Symbol: ALJ) will all trade ex-dividend for their respective upcoming dividends. Baytex Energy Corp will pay its monthly dividend of $0.22 on 3/14/14, Tesoro Corporation will pay its quarterly dividend of $0.25 on 3/14/14, and Alon USA Energy Inc will pay its quarterly dividend of $0.06 on 3/14/14. As a percentage of BTE's recent stock price of $36.29, this dividend works out to approximately 0.61%, so look for shares of Baytex Energy Corp to trade 0.61% lower - all else being equal - when BTE shares open for trading on 2/26/14. Similarly, investors should look for TSO to open 0.49% lower in price and for ALJ to open 0.42% lower, all else being equal.
Below are dividend history charts for BTE, TSO, and ALJ, showing historical dividends prior to the most recent ones declared. Baytex Energy Corp (Symbol: BTE)
: Tesoro Corporation (Symbol: TSO)
: Alon USA Energy Inc (Symbol: ALJ)
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 7.27% for Baytex Energy Corp, 1.96% for Tesoro Corporation, and 1.66% for Alon USA Energy Inc. In Monday trading, Baytex Energy Corp shares are currently up about 0.1%, Tesoro Corporation shares are up about 1.6%, and Alon USA Energy Inc shares are up about 1.1% on the day.
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