Looking at the universe of stocks we cover at Dividend Channel, on 4/8/20, Toronto Dominion Bank (Symbol: TD), UDR Inc (Symbol: UDR), and Brady Corp (Symbol: BRC) will all trade ex-dividend for their respective upcoming dividends. Toronto Dominion Bank will pay its quarterly dividend of $0.79 on 4/30/20, UDR Inc will pay its quarterly dividend of $0.36 on 4/30/20, and Brady Corp will pay its quarterly dividend of $0.2175 on 4/30/20. As a percentage of TD's recent stock price of $40.65, this dividend works out to approximately 1.94%, so look for shares of Toronto Dominion Bank to trade 1.94% lower — all else being equal — when TD shares open for trading on 4/8/20. Similarly, investors should look for UDR to open 1.08% lower in price and for BRC to open 0.50% lower, all else being equal.
Below are dividend history charts for TD, UDR, and BRC, showing historical dividends prior to the most recent ones declared.
Toronto Dominion Bank (Symbol: TD):
UDR Inc (Symbol: UDR):
Brady Corp (Symbol: BRC):
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 7.77% for Toronto Dominion Bank, 4.31% for UDR Inc, and 1.98% for Brady Corp.
In Monday trading, Toronto Dominion Bank shares are currently up about 3.1%, UDR Inc shares are up about 5.7%, and Brady Corp shares are up about 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.