Credit: Shutterstock photoLooking at the universe of stocks we cover at Dividend Channel , on 2/5/18, Sensient Technologies Corp. (Symbol: SXT), Hexcel Corp. (Symbol: HXL), and Magellan Midstream Partners LP (Symbol: MMP) will all trade ex-dividend for their respective upcoming dividends. Sensient Technologies Corp. will pay its quarterly dividend of $0.33 on 3/1/18, Hexcel Corp. will pay its quarterly dividend of $0.125 on 2/13/18, and Magellan Midstream Partners LP will pay its quarterly dividend of $0.92 on 2/14/18. As a percentage of SXT's recent stock price of $71.51, this dividend works out to approximately 0.46%, so look for shares of Sensient Technologies Corp. to trade 0.46% lower - all else being equal - when SXT shares open for trading on 2/5/18. Similarly, investors should look for HXL to open 0.18% lower in price and for MMP to open 1.31% lower, all else being equal.
Below are dividend history charts for SXT, HXL, and MMP, showing historical dividends prior to the most recent ones declared.
Sensient Technologies Corp. (Symbol: SXT) :
Hexcel Corp. (Symbol: HXL) :
Magellan Midstream Partners LP (Symbol: MMP) :
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 1.85% for Sensient Technologies Corp., 0.73% for Hexcel Corp., and 5.25% for Magellan Midstream Partners LP.
In Thursday trading, Sensient Technologies Corp. shares are currently down about 0.5%, Hexcel Corp. shares are off about 0.4%, and Magellan Midstream Partners LP shares are down about 1.8% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
