Looking at the universe of stocks we cover at Dividend Channel, on 5/29/19, Chemed Corp (Symbol: CHE), Perrigo Company plc (Symbol: PRGO), and SunTrust Banks Inc (Symbol: STI) will all trade ex-dividend for their respective upcoming dividends. Chemed Corp will pay its quarterly dividend of $0.30 on 6/19/19, Perrigo Company plc will pay its quarterly dividend of $0.21 on 6/18/19, and SunTrust Banks Inc will pay its quarterly dividend of $0.50 on 6/17/19. As a percentage of CHE's recent stock price of $334.15, this dividend works out to approximately 0.09%, so look for shares of Chemed Corp to trade 0.09% lower — all else being equal — when CHE shares open for trading on 5/29/19. Similarly, investors should look for PRGO to open 0.44% lower in price and for STI to open 0.80% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Perrigo Company plc (Symbol: PRGO) is a "future dividend aristocrats contender," with 16+ years of increases.
Below are dividend history charts for CHE, PRGO, and STI, showing historical dividends prior to the most recent ones declared.
Chemed Corp (Symbol: CHE):
Perrigo Company plc (Symbol: PRGO):
SunTrust Banks Inc (Symbol: STI):
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 0.36% for Chemed Corp, 1.77% for Perrigo Company plc, and 3.21% for SunTrust Banks Inc.
In Tuesday trading, Chemed Corp shares are currently up about 0.4%, Perrigo Company plc shares are up about 0.3%, and SunTrust Banks Inc shares are down about 0.1% 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.