Looking at the universe of stocks we cover at Dividend Channel, on 9/15/22, Eagle Materials Inc (Symbol: EXP), Frontline Ltd (Symbol: FRO), and Avient Corp (Symbol: AVNT) will all trade ex-dividend for their respective upcoming dividends. Eagle Materials Inc will pay its quarterly dividend of $0.25 on 10/14/22, Frontline Ltd will pay its quarterly dividend of $0.15 on 10/3/22, and Avient Corp will pay its quarterly dividend of $0.2375 on 10/6/22. As a percentage of EXP's recent stock price of $118.18, this dividend works out to approximately 0.21%, so look for shares of Eagle Materials Inc to trade 0.21% lower — all else being equal — when EXP shares open for trading on 9/15/22. Similarly, investors should look for FRO to open 1.17% lower in price and for AVNT to open 0.57% lower, all else being equal.
Below are dividend history charts for EXP, FRO, and AVNT, showing historical dividends prior to the most recent ones declared.
Eagle Materials Inc (Symbol: EXP):
Frontline Ltd (Symbol: FRO):
Avient Corp (Symbol: AVNT):
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 0.85% for Eagle Materials Inc, 4.70% for Frontline Ltd, and 2.28% for Avient Corp.
In Tuesday trading, Eagle Materials Inc shares are currently off about 2.7%, Frontline Ltd shares are off about 1.2%, and Avient Corp shares are off about 3.8% 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.
