Looking at the universe of stocks we cover at Dividend Channel, on 5/31/19, Silgan Holdings Inc (Symbol: SLGN), Ashland Global Holdings Inc (Symbol: ASH), and Advanced Drainage Systems Inc (Symbol: WMS) will all trade ex-dividend for their respective upcoming dividends. Silgan Holdings Inc will pay its quarterly dividend of $0.11 on 6/17/19, Ashland Global Holdings Inc will pay its quarterly dividend of $0.275 on 6/15/19, and Advanced Drainage Systems Inc will pay its quarterly dividend of $0.09 on 6/14/19. As a percentage of SLGN's recent stock price of $29.60, this dividend works out to approximately 0.37%, so look for shares of Silgan Holdings Inc to trade 0.37% lower — all else being equal — when SLGN shares open for trading on 5/31/19. Similarly, investors should look for ASH to open 0.37% lower in price and for WMS to open 0.31% lower, all else being equal.
When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Silgan Holdings Inc (Symbol: SLGN) is a "future dividend aristocrats contender," with 15+ years of increases.
Below are dividend history charts for SLGN, ASH, and WMS, showing historical dividends prior to the most recent ones declared.
Silgan Holdings Inc (Symbol: SLGN):
Ashland Global Holdings Inc (Symbol: ASH):
Advanced Drainage Systems Inc (Symbol: WMS):
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 1.49% for Silgan Holdings Inc, 1.47% for Ashland Global Holdings Inc, and 1.24% for Advanced Drainage Systems Inc.
In Wednesday trading, Silgan Holdings Inc shares are currently down about 0.1%, Ashland Global Holdings Inc shares are down about 1.4%, and Advanced Drainage Systems Inc shares are off about 0.9% 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.