Looking at the universe of stocks we cover at Dividend Channel, on 6/18/19, Cincinnati Financial Corp. (Symbol: CINF), American Tower Corp (Symbol: AMT), and Seagate Technology plc (Symbol: STX) will all trade ex-dividend for their respective upcoming dividends. Cincinnati Financial Corp. will pay its quarterly dividend of $0.56 on 7/15/19, American Tower Corp will pay its quarterly dividend of $0.92 on 7/12/19, and Seagate Technology plc will pay its quarterly dividend of $0.63 on 7/3/19. As a percentage of CINF's recent stock price of $102.69, this dividend works out to approximately 0.55%, so look for shares of Cincinnati Financial Corp. to trade 0.55% lower — all else being equal — when CINF shares open for trading on 6/18/19. Similarly, investors should look for AMT to open 0.44% lower in price and for STX to open 1.44% lower, all else being equal.
Below are dividend history charts for CINF, AMT, and STX, showing historical dividends prior to the most recent ones declared.
Cincinnati Financial Corp. (Symbol: CINF):
American Tower Corp (Symbol: AMT):
Seagate Technology plc (Symbol: STX):
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 2.18% for Cincinnati Financial Corp., 1.76% for American Tower Corp , and 5.74% for Seagate Technology plc.
In Friday trading, Cincinnati Financial Corp. shares are currently trading flat, American Tower Corp shares are up about 0.1%, and Seagate Technology plc shares are down about 1.5% 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.