Looking at the universe of stocks we cover at Dividend Channel, on 8/31/20, Polaris Inc (Symbol: PII), Cooper Tire & Rubber Co. (Symbol: CTB), and Dunkin' Brands Group Inc (Symbol: DNKN) will all trade ex-dividend for their respective upcoming dividends. Polaris Inc will pay its quarterly dividend of $0.62 on 9/15/20, Cooper Tire & Rubber Co. will pay its quarterly dividend of $0.105 on 9/25/20, and Dunkin' Brands Group Inc will pay its quarterly dividend of $0.4025 on 9/9/20. As a percentage of PII's recent stock price of $105.04, this dividend works out to approximately 0.59%, so look for shares of Polaris Inc to trade 0.59% lower — all else being equal — when PII shares open for trading on 8/31/20. Similarly, investors should look for CTB to open 0.30% lower in price and for DNKN to open 0.54% lower, all else being equal.
Below are dividend history charts for PII, CTB, and DNKN, showing historical dividends prior to the most recent ones declared.
Polaris Inc (Symbol: PII):
Cooper Tire & Rubber Co. (Symbol: CTB):
Dunkin' Brands Group Inc (Symbol: DNKN):
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 2.36% for Polaris Inc, 1.20% for Cooper Tire & Rubber Co., and 2.16% for Dunkin' Brands Group Inc.
In Thursday trading, Polaris Inc shares are currently up about 0.9%, Cooper Tire & Rubber Co. shares are down about 0.1%, and Dunkin' Brands Group Inc shares are up about 0.8% 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.