Looking at the universe of stocks we cover at Dividend Channel, on 5/12/23, Cintas Corporation (Symbol: CTAS), AGCO Corp. (Symbol: AGCO), and United Parcel Service Inc (Symbol: UPS) will all trade ex-dividend for their respective upcoming dividends. Cintas Corporation will pay its quarterly dividend of $1.15 on 6/15/23, AGCO Corp. will pay its quarterly dividend of $0.29 on 6/15/23, and United Parcel Service Inc will pay its quarterly dividend of $1.62 on 6/1/23. As a percentage of CTAS's recent stock price of $466.71, this dividend works out to approximately 0.25%, so look for shares of Cintas Corporation to trade 0.25% lower — all else being equal — when CTAS shares open for trading on 5/12/23. Similarly, investors should look for AGCO to open 0.23% lower in price and for UPS to open 0.93% lower, all else being equal.
Below are dividend history charts for CTAS, AGCO, and UPS, showing historical dividends prior to the most recent ones declared.
Cintas Corporation (Symbol: CTAS):
AGCO Corp. (Symbol: AGCO):
United Parcel Service Inc (Symbol: UPS):
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 0.99% for Cintas Corporation, 0.90% for AGCO Corp., and 3.74% for United Parcel Service Inc.
In Wednesday trading, Cintas Corporation shares are currently up about 1.1%, AGCO Corp. shares are up about 0.9%, and United Parcel Service Inc shares are up about 0.3% on the day.
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