Looking at the universe of stocks we cover at Dividend Channel, on 5/30/19, Corning Inc (Symbol: GLW), Tennant Co. (Symbol: TNC), and Agnico Eagle Mines Ltd (Symbol: AEM) will all trade ex-dividend for their respective upcoming dividends. Corning Inc will pay its quarterly dividend of $0.20 on 6/28/19, Tennant Co. will pay its quarterly dividend of $0.22 on 6/14/19, and Agnico Eagle Mines Ltd will pay its quarterly dividend of $0.125 on 6/14/19. As a percentage of GLW's recent stock price of $29.86, this dividend works out to approximately 0.67%, so look for shares of Corning Inc to trade 0.67% lower — all else being equal — when GLW shares open for trading on 5/30/19. Similarly, investors should look for TNC to open 0.37% lower in price and for AEM to open 0.31% lower, all else being equal.
Below are dividend history charts for GLW, TNC, and AEM, showing historical dividends prior to the most recent ones declared.
Corning Inc (Symbol: GLW):
Tennant Co. (Symbol: TNC):
Agnico Eagle Mines Ltd (Symbol: AEM):
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 2.68% for Corning Inc, 1.49% for Tennant Co., and 1.22% for Agnico Eagle Mines Ltd.
In Tuesday trading, Corning Inc shares are currently up about 0.5%, Tennant Co. shares are off about 0.7%, and Agnico Eagle Mines Ltd shares are down about 0.6% 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.