Looking at the universe of stocks we cover at Dividend Channel, on 10/21/21, Pentair PLC (Symbol: PNR), Owens Corning (Symbol: OC), and nVent Electric PLC (Symbol: NVT) will all trade ex-dividend for their respective upcoming dividends. Pentair PLC will pay its quarterly dividend of $0.20 on 11/5/21, Owens Corning will pay its quarterly dividend of $0.26 on 11/5/21, and nVent Electric PLC will pay its quarterly dividend of $0.175 on 11/5/21. As a percentage of PNR's recent stock price of $72.47, this dividend works out to approximately 0.28%, so look for shares of Pentair PLC to trade 0.28% lower — all else being equal — when PNR shares open for trading on 10/21/21. Similarly, investors should look for OC to open 0.28% lower in price and for NVT to open 0.54% lower, all else being equal.
Below are dividend history charts for PNR, OC, and NVT, showing historical dividends prior to the most recent ones declared.
Pentair PLC (Symbol: PNR):
Owens Corning (Symbol: OC):
nVent Electric PLC (Symbol: NVT):
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 1.10% for Pentair PLC, 1.13% for Owens Corning, and 2.16% for nVent Electric PLC.
In Tuesday trading, Pentair PLC shares are currently up about 0.8%, Owens Corning shares are up about 0.7%, and nVent Electric PLC shares are up about 1.4% 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.