Looking at the universe of stocks we cover at Dividend Channel, on 9/13/19, Garmin Ltd (Symbol: GRMN), Coca-Cola Co (Symbol: KO), and Altria Group Inc (Symbol: MO) will all trade ex-dividend for their respective upcoming dividends. Garmin Ltd will pay its quarterly dividend of $0.57 on 9/30/19, Coca-Cola Co will pay its quarterly dividend of $0.40 on 10/1/19, and Altria Group Inc will pay its quarterly dividend of $0.84 on 10/10/19. As a percentage of GRMN's recent stock price of $83.89, this dividend works out to approximately 0.68%, so look for shares of Garmin Ltd to trade 0.68% lower — all else being equal — when GRMN shares open for trading on 9/13/19. Similarly, investors should look for KO to open 0.74% lower in price and for MO to open 1.90% lower, all else being equal.
Below are dividend history charts for GRMN, KO, and MO, showing historical dividends prior to the most recent ones declared.
Garmin Ltd (Symbol: GRMN):
Coca-Cola Co (Symbol: KO):
Altria Group Inc (Symbol: MO):
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 2.72% for Garmin Ltd, 2.95% for Coca-Cola Co , and 7.60% for Altria Group Inc.
In Wednesday trading, Garmin Ltd shares are currently trading flat, Coca-Cola Co shares are down about 0.2%, and Altria Group 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.