Looking at the universe of stocks we cover at Dividend Channel, on 5/30/19, Estee Lauder Cos., Inc. (Symbol: EL), International Speedway Corp (Symbol: ISCA), and L Brands, Inc (Symbol: LB) will all trade ex-dividend for their respective upcoming dividends. Estee Lauder Cos., Inc. will pay its quarterly dividend of $0.43 on 6/17/19, International Speedway Corp will pay its annual dividend of $0.49 on 6/28/19, and L Brands, Inc will pay its quarterly dividend of $0.30 on 6/14/19. As a percentage of EL's recent stock price of $165.88, this dividend works out to approximately 0.26%, so look for shares of Estee Lauder Cos., Inc. to trade 0.26% lower — all else being equal — when EL shares open for trading on 5/30/19. Similarly, investors should look for ISCA to open 1.08% lower in price and for LB to open 1.20% lower, all else being equal.
Below are dividend history charts for EL, ISCA, and LB, showing historical dividends prior to the most recent ones declared.
Estee Lauder Cos., Inc. (Symbol: EL):
International Speedway Corp (Symbol: ISCA):
L Brands, Inc (Symbol: LB):
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 1.04% for Estee Lauder Cos., Inc. , 1.08% for International Speedway Corp, and 4.81% for L Brands, Inc.
In Tuesday trading, Estee Lauder Cos., Inc. shares are currently up about 0.4%, International Speedway Corp shares are down about 0.1%, and L Brands, Inc shares are up about 0.4% 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.