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Ex-Dividend Reminder: ITT, Kansas City Southern and Textron

Looking at the universe of stocks we cover at Dividend Channel , on 9/9/15, ITT Corporation (Symbol: ITT), Kansas City Southern (Symbol: KSU), and Textron Inc. (Symbol: TXT) will all trade ex-dividend for their respective upcoming dividends. ITT Corporation will pay its quarterly dividend of $0.1183 on 10/1/15, Kansas City Southern will pay its quarterly dividend of $0.33 on 10/7/15, and Textron Inc. will pay its quarterly dividend of $0.02 on 10/1/15. As a percentage of ITT's recent stock price of $36.18, this dividend works out to approximately 0.33%, so look for shares of ITT Corporation to trade 0.33% lower - all else being equal - when ITT shares open for trading on 9/9/15. Similarly, investors should look for KSU to open 0.36% lower in price and for TXT to open 0.05% lower, all else being equal.

Below are dividend history charts for ITT, KSU, and TXT, showing historical dividends prior to the most recent ones declared.

ITT Corporation (Symbol: ITT) :

ITT+Dividend+History+Chart

Kansas City Southern (Symbol: KSU) :

KSU+Dividend+History+Chart

Textron Inc. (Symbol: TXT) :

TXT+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 1.31% for ITT Corporation, 1.43% for Kansas City Southern, and 0.20% for Textron Inc..

In Tuesday trading, ITT Corporation shares are currently up about 1.5%, Kansas City Southern shares are up about 2.3%, and Textron Inc. shares are up about 1.9% 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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