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Ex-Dividend Reminder: Best Buy, Service Corp. International and Sonic Automotive

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Looking at the universe of stocks we cover at Dividend Channel , on 9/11/15, Best Buy Inc (Symbol: BBY), Service Corp. International (Symbol: SCI), and Sonic Automotive, Inc. (Symbol: SAH) will all trade ex-dividend for their respective upcoming dividends. Best Buy Inc will pay its quarterly dividend of $0.23 on 10/6/15, Service Corp. International will pay its quarterly dividend of $0.12 on 9/30/15, and Sonic Automotive, Inc. will pay its quarterly dividend of $0.025 on 10/15/15. As a percentage of BBY's recent stock price of $38.26, this dividend works out to approximately 0.60%, so look for shares of Best Buy Inc to trade 0.60% lower - all else being equal - when BBY shares open for trading on 9/11/15. Similarly, investors should look for SCI to open 0.40% lower in price and for SAH to open 0.12% lower, all else being equal.

Below are dividend history charts for BBY, SCI, and SAH, showing historical dividends prior to the most recent ones declared.

Best Buy Inc (Symbol: BBY) :

BBY+Dividend+History+Chart

Service Corp. International (Symbol: SCI) :

SCI+Dividend+History+Chart

Sonic Automotive, Inc. (Symbol: SAH) :

SAH+Dividend+History+Chart

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 2.40% for Best Buy Inc, 1.60% for Service Corp. International, and 0.46% for Sonic Automotive, Inc..

In Wednesday trading, Best Buy Inc shares are currently up about 1.5%, Service Corp. International shares are up about 1.1%, and Sonic Automotive, Inc. shares are up about 0.8% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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