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Ex-Dividend Reminder: MMM, Park National and Apartment Investment & Management


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Looking at the universe of stocks we cover at Dividend Channel , on 5/17/18, 3M Co (Symbol: MMM), Park National Corp (Symbol: PRK), and Apartment Investment & Management Co (Symbol: AIV) will all trade ex-dividend for their respective upcoming dividends. 3M Co will pay its quarterly dividend of $1.36 on 6/12/18, Park National Corp will pay its quarterly dividend of $0.96 on 6/8/18, and Apartment Investment & Management Co will pay its quarterly dividend of $0.38 on 5/31/18. As a percentage of MMM's recent stock price of $204.50, this dividend works out to approximately 0.67%, so look for shares of 3M Co to trade 0.67% lower - all else being equal - when MMM shares open for trading on 5/17/18. Similarly, investors should look for PRK to open 0.86% lower in price and for AIV to open 0.94% lower, all else being equal.

Below are dividend history charts for MMM, PRK, and AIV, showing historical dividends prior to the most recent ones declared.

3M Co (Symbol: MMM) :

MMM+Dividend+History+Chart

Park National Corp (Symbol: PRK) :

PRK+Dividend+History+Chart

Apartment Investment & Management Co (Symbol: AIV) :

AIV+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 2.66% for 3M Co, 3.44% for Park National Corp , and 3.78% for Apartment Investment & Management Co.

In Tuesday trading, 3M Co shares are currently off about 0.6%, Park National Corp shares are off about 0.1%, and Apartment Investment & Management Co shares are down about 0.9% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen ยป

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



This article appears in: Investing , Options
Referenced Symbols: MMM , PRK , AIV



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