Looking at the universe of stocks we cover at Dividend Channel, on 8/29/19, Arch Coal Inc (Symbol: ARCH), Barrick Gold Corp. (Symbol: GOLD), and Owens-Illinois, Inc. (Symbol: OI) will all trade ex-dividend for their respective upcoming dividends. Arch Coal Inc will pay its quarterly dividend of $0.45 on 9/13/19, Barrick Gold Corp. will pay its quarterly dividend of $0.04 on 9/16/19, and Owens-Illinois, Inc. will pay its quarterly dividend of $0.05 on 9/16/19. As a percentage of ARCH's recent stock price of $75.50, this dividend works out to approximately 0.60%, so look for shares of Arch Coal Inc to trade 0.60% lower — all else being equal — when ARCH shares open for trading on 8/29/19. Similarly, investors should look for GOLD to open 0.21% lower in price and for OI to open 0.50% lower, all else being equal.
Below are dividend history charts for ARCH, GOLD, and OI, showing historical dividends prior to the most recent ones declared.
Arch Coal Inc (Symbol: ARCH):
Barrick Gold Corp. (Symbol: GOLD):
Owens-Illinois, Inc. (Symbol: OI):
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 2.38% for Arch Coal Inc, 0.83% for Barrick Gold Corp., and 1.99% for Owens-Illinois, Inc..
In Tuesday trading, Arch Coal Inc shares are currently up about 1%, Barrick Gold Corp. shares are up about 0.8%, and Owens-Illinois, Inc. shares are up about 0.7% on the day.
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