Looking at the universe of stocks we cover at Dividend Channel, on 5/14/19, ONE Gas, Inc. (Symbol: OGS), Consolidated Edison Inc (Symbol: ED), and Southwest Gas Holdings Inc (Symbol: SWX) will all trade ex-dividend for their respective upcoming dividends. ONE Gas, Inc. will pay its quarterly dividend of $0.50 on 5/31/19, Consolidated Edison Inc will pay its quarterly dividend of $0.74 on 6/17/19, and Southwest Gas Holdings Inc will pay its quarterly dividend of $0.545 on 6/3/19. As a percentage of OGS's recent stock price of $86.06, this dividend works out to approximately 0.58%, so look for shares of ONE Gas, Inc. to trade 0.58% lower — all else being equal — when OGS shares open for trading on 5/14/19. Similarly, investors should look for ED to open 0.88% lower in price and for SWX to open 0.68% lower, all else being equal.
Below are dividend history charts for OGS, ED, and SWX, showing historical dividends prior to the most recent ones declared.
ONE Gas, Inc. (Symbol: OGS):
Consolidated Edison Inc (Symbol: ED):
Southwest Gas Holdings Inc (Symbol: SWX):
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 2.32% for ONE Gas, Inc., 3.52% for Consolidated Edison Inc, and 2.74% for Southwest Gas Holdings Inc.
In Friday trading, ONE Gas, Inc. shares are currently up about 0.1%, Consolidated Edison Inc shares are trading flat, and Southwest Gas Holdings Inc shares are trading flat 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.