Looking at the universe of stocks we cover at Dividend Channel, on 1/6/22, Gentex Corp. (Symbol: GNTX), Sysco Corp (Symbol: SYY), and Toll Brothers Inc. (Symbol: TOL) will all trade ex-dividend for their respective upcoming dividends. Gentex Corp. will pay its quarterly dividend of $0.12 on 1/19/22, Sysco Corp will pay its quarterly dividend of $0.47 on 1/28/22, and Toll Brothers Inc. will pay its quarterly dividend of $0.17 on 1/21/22. As a percentage of GNTX's recent stock price of $36.08, this dividend works out to approximately 0.33%, so look for shares of Gentex Corp. to trade 0.33% lower — all else being equal — when GNTX shares open for trading on 1/6/22. Similarly, investors should look for SYY to open 0.59% lower in price and for TOL to open 0.24% lower, all else being equal.
Below are dividend history charts for GNTX, SYY, and TOL, showing historical dividends prior to the most recent ones declared.
Gentex Corp. (Symbol: GNTX):
Sysco Corp (Symbol: SYY):
Toll Brothers Inc. (Symbol: TOL):
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 1.33% for Gentex Corp., 2.36% for Sysco Corp, and 0.95% for Toll Brothers Inc..
In Tuesday trading, Gentex Corp. shares are currently up about 2.1%, Sysco Corp shares are up about 0.9%, and Toll Brothers Inc. shares are up 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.