Ex-Dividend Reminder: Parker Hannifin, W.W. Grainger and Navios Maritime Partners

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Looking at the universe of stocks we cover at Dividend Channel , on 2/6/14, Parker Hannifin Corp. (Symbol: PH), W.W. Grainger Inc. (Symbol: GWW), and Navios Maritime Partners LP (Symbol: NMM) will all trade ex-dividend for their respective upcoming dividends. Parker Hannifin Corp. will pay its quarterly dividend of $0.48 on 3/7/14, W.W. Grainger Inc. will pay its quarterly dividend of $0.93 on 3/1/14, and Navios Maritime Partners LP will pay its quarterly dividend of $0.4425 on 2/14/14. As a percentage of PH's recent stock price of $109.50, this dividend works out to approximately 0.44%, so look for shares of Parker Hannifin Corp. to trade 0.44% lower - all else being equal - when PH shares open for trading on 2/6/14. Similarly, investors should look for GWW to open 0.41% lower in price and for NMM to open 2.41% lower, all else being equal.

Below are dividend history charts for PH, GWW, and NMM, showing historical dividends prior to the most recent ones declared.

Parker Hannifin Corp. (Symbol: PH) :


W.W. Grainger Inc. (Symbol: GWW) :


Navios Maritime Partners LP (Symbol: NMM) :


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 1.75% for Parker Hannifin Corp., 1.62% for W.W. Grainger Inc., and 9.64% for Navios Maritime Partners LP.

In Tuesday trading, Parker Hannifin Corp. shares are currently up about 0.1%, W.W. Grainger Inc. shares are off about 0.1%, and Navios Maritime Partners LP shares are up about 0.6% 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 , Investing Ideas

Referenced Stocks: GWW , NMM , PH

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