Looking at the universe of stocks we cover at Dividend Channel , on 3/14/18, Packaging Corp of America (Symbol: PKG), Eastman Chemical Co (Symbol: EMN), and NewMarket Corp (Symbol: NEU) will all trade ex-dividend for their respective upcoming dividends. Packaging Corp of America will pay its quarterly dividend of $0.63 on 4/13/18, Eastman Chemical Co will pay its quarterly dividend of $0.56 on 4/6/18, and NewMarket Corp will pay its quarterly dividend of $1.75 on 4/2/18. As a percentage of PKG's recent stock price of $119.58, this dividend works out to approximately 0.53%, so look for shares of Packaging Corp of America to trade 0.53% lower - all else being equal - when PKG shares open for trading on 3/14/18. Similarly, investors should look for EMN to open 0.51% lower in price and for NEU to open 0.40% lower, all else being equal.
Below are dividend history charts for PKG, EMN, and NEU, showing historical dividends prior to the most recent ones declared.
Packaging Corp of America (Symbol: PKG) :
Eastman Chemical Co (Symbol: EMN) :
NewMarket Corp (Symbol: NEU) :
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 2.11% for Packaging Corp of America, 2.04% for Eastman Chemical Co, and 1.61% for NewMarket Corp.
In Monday trading, Packaging Corp of America shares are currently off about 0.2%, Eastman Chemical Co shares are up about 0.3%, and NewMarket Corp shares are down about 0.2% 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.