Looking at the universe of stocks we cover at Dividend Channel, on 6/14/24, Hess Corp (Symbol: HES), Devon Energy Corp. (Symbol: DVN), and Baytex Energy Corp (Symbol: BTE) will all trade ex-dividend for their respective upcoming dividends. Hess Corp will pay its quarterly dividend of $0.4375 on 6/28/24, Devon Energy Corp. will pay its quarterly dividend of $0.22 on 6/28/24, and Baytex Energy Corp will pay its quarterly dividend of $0.0225 on 7/2/24. As a percentage of HES's recent stock price of $148.00, this dividend works out to approximately 0.30%, so look for shares of Hess Corp to trade 0.30% lower — all else being equal — when HES shares open for trading on 6/14/24. Similarly, investors should look for DVN to open 0.47% lower in price and for BTE to open 0.66% lower, all else being equal.
Below are dividend history charts for HES, DVN, and BTE, showing historical dividends prior to the most recent ones declared.
Hess Corp (Symbol: HES):
Devon Energy Corp. (Symbol: DVN):
Baytex Energy Corp (Symbol: BTE):
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 1.18% for Hess Corp, 1.86% for Devon Energy Corp., and 2.65% for Baytex Energy Corp.
In Wednesday trading, Hess Corp shares are currently up about 0.1%, Devon Energy Corp. shares are up about 0.4%, and Baytex Energy Corp shares are down about 0.9% 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.
