Looking at the universe of stocks we cover at Dividend Channel, on 3/11/21, Automatic Data Processing Inc. (Symbol: ADP), Exponent Inc. (Symbol: EXPO), and L3Harris Technologies Inc (Symbol: LHX) will all trade ex-dividend for their respective upcoming dividends. Automatic Data Processing Inc. will pay its quarterly dividend of $0.93 on 4/1/21, Exponent Inc. will pay its quarterly dividend of $0.20 on 3/26/21, and L3Harris Technologies Inc will pay its quarterly dividend of $1.02 on 3/26/21. As a percentage of ADP's recent stock price of $181.47, this dividend works out to approximately 0.51%, so look for shares of Automatic Data Processing Inc. to trade 0.51% lower — all else being equal — when ADP shares open for trading on 3/11/21. Similarly, investors should look for EXPO to open 0.21% lower in price and for LHX to open 0.54% lower, all else being equal.
Below are dividend history charts for ADP, EXPO, and LHX, showing historical dividends prior to the most recent ones declared.
Automatic Data Processing Inc. (Symbol: ADP):
Exponent Inc. (Symbol: EXPO):
L3Harris Technologies Inc (Symbol: LHX):
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 2.05% for Automatic Data Processing Inc., 0.82% for Exponent Inc., and 2.14% for L3Harris Technologies Inc.
In Tuesday trading, Automatic Data Processing Inc. shares are currently up about 0.6%, Exponent Inc. shares are up about 0.9%, and L3Harris Technologies Inc shares are off about 0.3% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
