Ex-Dividend Reminder: DiamondRock Hospitality, Xerox Holdings and Canadian Pacific Railway

Looking at the universe of stocks we cover at Dividend Channel, on 3/30/23, DiamondRock Hospitality Co. (Symbol: DRH), Xerox Holdings Corp (Symbol: XRX), and Canadian Pacific Railway Ltd (Symbol: CP) will all trade ex-dividend for their respective upcoming dividends. DiamondRock Hospitality Co. will pay its quarterly dividend of $0.03 on 4/12/23, Xerox Holdings Corp will pay its quarterly dividend of $0.25 on 5/1/23, and Canadian Pacific Railway Ltd will pay its quarterly dividend of $0.19 on 4/24/23. As a percentage of DRH's recent stock price of $7.36, this dividend works out to approximately 0.41%, so look for shares of DiamondRock Hospitality Co. to trade 0.41% lower — all else being equal — when DRH shares open for trading on 3/30/23. Similarly, investors should look for XRX to open 1.69% lower in price and for CP to open 0.25% lower, all else being equal.

Below are dividend history charts for DRH, XRX, and CP, showing historical dividends prior to the most recent ones declared.

DiamondRock Hospitality Co. (Symbol: DRH):


Xerox Holdings Corp (Symbol: XRX):


Canadian Pacific Railway Ltd (Symbol: CP):


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 1.63% for DiamondRock Hospitality Co., 6.76% for Xerox Holdings Corp, and 1.00% for Canadian Pacific Railway Ltd.

In Tuesday trading, DiamondRock Hospitality Co. shares are currently off about 1.5%, Xerox Holdings Corp shares are down about 1.4%, and Canadian Pacific Railway Ltd shares are up about 0.7% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Also see:
• DD YTD Return
• AAWW Insider Buying
• CCS Historical Stock Prices

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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