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Ex-Dividend Reminder: Tegna, Gannett and Monro Muffler Brake

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Looking at the universe of stocks we cover at Dividend Channel , on 6/1/16, Tegna Inc (Symbol: TGNA), Gannett Co Inc (Symbol: GCI), and Monro Muffler Brake, Inc. (Symbol: MNRO) will all trade ex-dividend for their respective upcoming dividends. Tegna Inc will pay its quarterly dividend of $0.14 on 7/1/16, Gannett Co Inc will pay its quarterly dividend of $0.16 on 6/20/16, and Monro Muffler Brake, Inc. will pay its quarterly dividend of $0.17 on 6/13/16. As a percentage of TGNA's recent stock price of $22.78, this dividend works out to approximately 0.61%, so look for shares of Tegna Inc to trade 0.61% lower - all else being equal - when TGNA shares open for trading on 6/1/16. Similarly, investors should look for GCI to open 1.03% lower in price and for MNRO to open 0.27% lower, all else being equal.

Below are dividend history charts for TGNA, GCI, and MNRO, showing historical dividends prior to the most recent ones declared.

Tegna Inc (Symbol: TGNA) :

TGNA+Dividend+History+Chart

Gannett Co Inc (Symbol: GCI) :

GCI+Dividend+History+Chart

Monro Muffler Brake, Inc. (Symbol: MNRO) :

MNRO+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 2.46% for Tegna Inc, 4.13% for Gannett Co Inc , and 1.08% for Monro Muffler Brake, Inc..

In Tuesday trading, Tegna Inc shares are currently trading flat, Gannett Co Inc shares are off about 0.8%, and Monro Muffler Brake, Inc. shares are down about 0.3% 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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