Looking at the universe of stocks we cover at Dividend Channel, on 8/14/19, TJX Companies (Symbol: TJX), FirstCash Inc (Symbol: FCFS), and Kroger Co (Symbol: KR) will all trade ex-dividend for their respective upcoming dividends. TJX Companies will pay its quarterly dividend of $0.23 on 9/5/19, FirstCash Inc will pay its quarterly dividend of $0.25 on 8/30/19, and Kroger Co will pay its quarterly dividend of $0.16 on 9/1/19. As a percentage of TJX's recent stock price of $52.60, this dividend works out to approximately 0.44%, so look for shares of TJX Companies to trade 0.44% lower — all else being equal — when TJX shares open for trading on 8/14/19. Similarly, investors should look for FCFS to open 0.25% lower in price and for KR to open 0.69% lower, all else being equal.
Below are dividend history charts for TJX, FCFS, and KR, showing historical dividends prior to the most recent ones declared.
TJX Companies (Symbol: TJX):
FirstCash Inc (Symbol: FCFS):
Kroger Co (Symbol: KR):
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 1.75% for TJX Companies, 1.02% for FirstCash Inc, and 2.75% for Kroger Co .
In Monday trading, TJX Companies shares are currently down about 0.7%, FirstCash Inc shares are off about 1.2%, and Kroger Co shares are off about 0.2% 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.