Looking at the universe of stocks we cover at Dividend Channel , on 2/16/18, Archer Daniels Midland Co. (Symbol: ADM), HanesBrands Inc (Symbol: HBI), and Spectrum Brands Holdings Inc (Symbol: SPB) will all trade ex-dividend for their respective upcoming dividends. Archer Daniels Midland Co. will pay its quarterly dividend of $0.335 on 3/13/18, HanesBrands Inc will pay its quarterly dividend of $0.15 on 3/13/18, and Spectrum Brands Holdings Inc will pay its quarterly dividend of $0.42 on 3/13/18. As a percentage of ADM's recent stock price of $40.81, this dividend works out to approximately 0.82%, so look for shares of Archer Daniels Midland Co. to trade 0.82% lower - all else being equal - when ADM shares open for trading on 2/16/18. Similarly, investors should look for HBI to open 0.75% lower in price and for SPB to open 0.41% lower, all else being equal.
Below are dividend history charts for ADM, HBI, and SPB, showing historical dividends prior to the most recent ones declared.
Archer Daniels Midland Co. (Symbol: ADM) :
HanesBrands Inc (Symbol: HBI) :
Spectrum Brands Holdings Inc (Symbol: SPB) :
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 3.28% for Archer Daniels Midland Co., 3.02% for HanesBrands Inc, and 1.66% for Spectrum Brands Holdings Inc.
In Wednesday trading, Archer Daniels Midland Co. shares are currently off about 1.3%, HanesBrands Inc shares are down about 0.3%, and Spectrum Brands Holdings Inc shares are off about 1.1% 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.