Looking at the universe of stocks we cover at Dividend Channel, on 11/21/19, 3M Co (Symbol: MMM), Piper Jaffray Companies (Symbol: PJC), and Berkley Corp (Symbol: WRB) will all trade ex-dividend for their respective upcoming dividends. 3M Co will pay its quarterly dividend of $1.44 on 12/12/19, Piper Jaffray Companies will pay its quarterly dividend of $0.375 on 12/13/19, and Berkley Corp will pay its quarterly dividend of $0.11 on 12/11/19. As a percentage of MMM's recent stock price of $171.26, this dividend works out to approximately 0.84%, so look for shares of 3M Co to trade 0.84% lower — all else being equal — when MMM shares open for trading on 11/21/19. Similarly, investors should look for PJC to open 0.48% lower in price and for WRB to open 0.16% lower, all else being equal.
Below are dividend history charts for MMM, PJC, and WRB, showing historical dividends prior to the most recent ones declared.
3M Co (Symbol: MMM):
Piper Jaffray Companies (Symbol: PJC):
Berkley Corp (Symbol: WRB):
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 3.36% for 3M Co, 1.90% for Piper Jaffray Companies, and 0.64% for Berkley Corp.
In Tuesday trading, 3M Co shares are currently up about 0.4%, Piper Jaffray Companies shares are up about 0.3%, and Berkley Corp shares are up 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.
