Ex-Dividend Reminder: LogMeIn, Intel and Xilinx
Looking at the universe of stocks we cover at Dividend Channel, on 8/6/19, LogMeIn Inc (Symbol: LOGM), Intel Corp (Symbol: INTC), and Xilinx, Inc. (Symbol: XLNX) will all trade ex-dividend for their respective upcoming dividends. LogMeIn Inc will pay its quarterly dividend of $0.325 on 8/23/19, Intel Corp will pay its quarterly dividend of $0.315 on 9/1/19, and Xilinx, Inc. will pay its quarterly dividend of $0.37 on 8/27/19. As a percentage of LOGM's recent stock price of $74.12, this dividend works out to approximately 0.44%, so look for shares of LogMeIn Inc to trade 0.44% lower — all else being equal — when LOGM shares open for trading on 8/6/19. Similarly, investors should look for INTC to open 0.65% lower in price and for XLNX to open 0.33% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Xilinx, Inc. (Symbol: XLNX) is a "future dividend aristocrats contender," with 15+ years of increases.
Below are dividend history charts for LOGM, INTC, and XLNX, showing historical dividends prior to the most recent ones declared.
LogMeIn Inc (Symbol: LOGM):
Intel Corp (Symbol: INTC):
Xilinx, Inc. (Symbol: XLNX):
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 1.75% for LogMeIn Inc, 2.58% for Intel Corp, and 1.32% for Xilinx, Inc..
In Friday trading, LogMeIn Inc shares are currently off about 1.4%, Intel Corp shares are down about 1.4%, and Xilinx, Inc. shares are down about 1.1% 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.