Ex-Dividend Reminder: Nordstrom, MGE Energy and Abaxis

Shutterstock photo

Looking at the universe of stocks we cover at Dividend Channel , on 2/27/17, Nordstrom, Inc. (Symbol: JWN), MGE Energy Inc (Symbol: MGEE), and Abaxis, Inc. (Symbol: ABAX) will all trade ex-dividend for their respective upcoming dividends. Nordstrom, Inc. will pay its quarterly dividend of $0.37 on 3/15/17, MGE Energy Inc will pay its quarterly dividend of $0.3075 on 3/15/17, and Abaxis, Inc. will pay its quarterly dividend of $0.14 on 3/15/17. As a percentage of JWN's recent stock price of $44.65, this dividend works out to approximately 0.83%, so look for shares of Nordstrom, Inc. to trade 0.83% lower - all else being equal - when JWN shares open for trading on 2/27/17. Similarly, investors should look for MGEE to open 0.49% lower in price and for ABAX to open 0.28% lower, all else being equal.

Below are dividend history charts for JWN, MGEE, and ABAX, showing historical dividends prior to the most recent ones declared.

Nordstrom, Inc. (Symbol: JWN) :


MGE Energy Inc (Symbol: MGEE) :


Abaxis, Inc. (Symbol: ABAX) :


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 3.31% for Nordstrom, Inc., 1.97% for MGE Energy Inc, and 1.14% for Abaxis, Inc..

In Thursday trading, Nordstrom, Inc. shares are currently down about 1.5%, MGE Energy Inc shares are up about 0.1%, and Abaxis, Inc. shares are down about 1.1% on the day.

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

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: JWN , MGEE ,

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?