Looking at the universe of stocks we cover at Dividend Channel , on 3/3/14, PDL BioPharma Inc (Symbol: PDLI), Commerce Bancshares, Inc. (Symbol: CBSH), and First Trust MLP and Energy Income Fund (Symbol: FEI) will all trade ex-dividend for their respective upcoming dividends. PDL BioPharma Inc will pay its quarterly dividend of $0.15 on 3/12/14, Commerce Bancshares, Inc. will pay its quarterly dividend of $0.225 on 3/24/14, and First Trust MLP and Energy Income Fund will pay its monthly dividend of $0.1117 on 3/17/14. As a percentage of PDLI's recent stock price of $8.78, this dividend works out to approximately 1.71%, so look for shares of PDL BioPharma Inc to trade 1.71% lower - all else being equal - when PDLI shares open for trading on 3/3/14. Similarly, investors should look for CBSH to open 0.51% lower in price and for FEI to open 0.58% lower, all else being equal.
Below are dividend history charts for PDLI, CBSH, and FEI, showing historical dividends prior to the most recent ones declared. PDL BioPharma Inc (Symbol: PDLI)
: Commerce Bancshares, Inc. (Symbol: CBSH)
: First Trust MLP and Energy Income Fund (Symbol: FEI)
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 6.83% for PDL BioPharma Inc, 2.05% for Commerce Bancshares, Inc., and 6.96% for First Trust MLP and Energy Income Fund. In Thursday trading, PDL BioPharma Inc shares are currently down about 0.6%, Commerce Bancshares, Inc. shares are off about 0.2%, and First Trust MLP and Energy Income Fund shares are up about 0.1% on the day.
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