Looking at the universe of stocks we cover at Dividend Channel, on 12/15/23, Eversource Energy (Symbol: ES), DTE Energy Co (Symbol: DTE), and DT Midstream Inc (Symbol: DTM) will all trade ex-dividend for their respective upcoming dividends. Eversource Energy will pay its quarterly dividend of $0.675 on 12/29/23, DTE Energy Co will pay its quarterly dividend of $1.02 on 1/15/24, and DT Midstream Inc will pay its quarterly dividend of $0.69 on 1/15/24. As a percentage of ES's recent stock price of $60.21, this dividend works out to approximately 1.12%, so look for shares of Eversource Energy to trade 1.12% lower — all else being equal — when ES shares open for trading on 12/15/23. Similarly, investors should look for DTE to open 0.93% lower in price and for DTM to open 1.27% lower, all else being equal.
Below are dividend history charts for ES, DTE, and DTM, showing historical dividends prior to the most recent ones declared.
Eversource Energy (Symbol: ES):
DTE Energy Co (Symbol: DTE):
DT Midstream Inc (Symbol: DTM):
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 4.48% for Eversource Energy, 3.71% for DTE Energy Co, and 5.09% for DT Midstream Inc.
In Wednesday trading, Eversource Energy shares are currently off about 0.9%, DTE Energy Co shares are off about 0.1%, and DT Midstream Inc shares are down about 1.1% on the day.
Also see:
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FTCS shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
