Looking at the universe of stocks we cover at Dividend Channel, on 8/27/20, Parker Hannifin Corp (Symbol: PH), Corning Inc (Symbol: GLW), and Fortive Corp (Symbol: FTV) will all trade ex-dividend for their respective upcoming dividends. Parker Hannifin Corp will pay its quarterly dividend of $0.88 on 9/11/20, Corning Inc will pay its quarterly dividend of $0.22 on 9/30/20, and Fortive Corp will pay its quarterly dividend of $0.07 on 9/25/20. As a percentage of PH's recent stock price of $210.16, this dividend works out to approximately 0.42%, so look for shares of Parker Hannifin Corp to trade 0.42% lower — all else being equal — when PH shares open for trading on 8/27/20. Similarly, investors should look for GLW to open 0.66% lower in price and for FTV to open 0.10% lower, all else being equal.
Below are dividend history charts for PH, GLW, and FTV, showing historical dividends prior to the most recent ones declared.
Parker Hannifin Corp (Symbol: PH):
Corning Inc (Symbol: GLW):
Fortive Corp (Symbol: FTV):
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 1.67% for Parker Hannifin Corp, 2.64% for Corning Inc, and 0.39% for Fortive Corp.
In Tuesday trading, Parker Hannifin Corp shares are currently up about 0.2%, Corning Inc shares are down about 0.1%, and Fortive Corp shares are off about 0.5% 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.