Looking at the universe of stocks we cover at Dividend Channel, on 12/27/24, General Electric Co (Symbol: GE), Flowserve Corp (Symbol: FLS), and Steelcase, Inc. (Symbol: SCS) will all trade ex-dividend for their respective upcoming dividends. General Electric Co will pay its quarterly dividend of $0.28 on 1/27/25, Flowserve Corp will pay its quarterly dividend of $0.21 on 1/10/25, and Steelcase, Inc. will pay its quarterly dividend of $0.10 on 1/13/25. As a percentage of GE's recent stock price of $171.49, this dividend works out to approximately 0.16%, so look for shares of General Electric Co to trade 0.16% lower — all else being equal — when GE shares open for trading on 12/27/24. Similarly, investors should look for FLS to open 0.36% lower in price and for SCS to open 0.85% lower, all else being equal.
Below are dividend history charts for GE, FLS, and SCS, showing historical dividends prior to the most recent ones declared.
General Electric Co (Symbol: GE):
Flowserve Corp (Symbol: FLS):
Steelcase, Inc. (Symbol: SCS):
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 0.65% for General Electric Co, 1.44% for Flowserve Corp, and 3.41% for Steelcase, Inc..
In Thursday trading, General Electric Co shares are currently up about 1.5%, Flowserve Corp shares are up about 0.6%, and Steelcase, Inc. shares are up about 0.7% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
