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Ex-Dividend Reminder: John Bean Technologies, Canadian National Railway and Terex

By: BNK Invest
Posted: 3/4/2014 10:34:00 AM
Referenced Stocks: JBT;CNI;TEX

Looking at the universe of stocks we cover at Dividend Channel , on 3/6/14, John Bean Technologies Corp (Symbol: JBT), Canadian National Railway Co. (Symbol: CNI), and Terex Corp. (Symbol: TEX) will all trade ex-dividend for their respective upcoming dividends. John Bean Technologies Corp will pay its quarterly dividend of $0.09 on 3/25/14, Canadian National Railway Co. will pay its quarterly dividend of $0.25 on 3/31/14, and Terex Corp. will pay its quarterly dividend of $0.05 on 3/19/14. As a percentage of JBT's recent stock price of $30.93, this dividend works out to approximately 0.29%, so look for shares of John Bean Technologies Corp to trade 0.29% lower - all else being equal - when JBT shares open for trading on 3/6/14. Similarly, investors should look for CNI to open 0.44% lower in price and for TEX to open 0.11% lower, all else being equal.

Below are dividend history charts for JBT, CNI, and TEX, showing historical dividends prior to the most recent ones declared.

John Bean Technologies Corp (Symbol: JBT) :

JBT+Dividend+History+Chart

Canadian National Railway Co. (Symbol: CNI) :

CNI+Dividend+History+Chart

Terex Corp. (Symbol: TEX) :

TEX+Dividend+History+Chart

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 1.16% for John Bean Technologies Corp, 1.77% for Canadian National Railway Co., and 0.44% for Terex Corp..

In Tuesday trading, John Bean Technologies Corp shares are currently up about 2.5%, Canadian National Railway Co. shares are up about 0.2%, and Terex Corp. shares are up about 2.2% on the day.

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