Looking at the universe of stocks we cover at Dividend Channel, on 2/22/23, Griffon Corp. (Symbol: GFF), Seaboard Corp. (Symbol: SEB), and Cummins, Inc. (Symbol: CMI) will all trade ex-dividend for their respective upcoming dividends. Griffon Corp. will pay its quarterly dividend of $0.10 on 3/23/23, Seaboard Corp. will pay its quarterly dividend of $2.25 on 3/6/23, and Cummins, Inc. will pay its quarterly dividend of $1.57 on 3/9/23. As a percentage of GFF's recent stock price of $38.49, this dividend works out to approximately 0.26%, so look for shares of Griffon Corp. to trade 0.26% lower — all else being equal — when GFF shares open for trading on 2/22/23. Similarly, investors should look for SEB to open 0.06% lower in price and for CMI to open 0.61% lower, all else being equal.
Below are dividend history charts for GFF, SEB, and CMI, showing historical dividends prior to the most recent ones declared.
Griffon Corp. (Symbol: GFF):
Seaboard Corp. (Symbol: SEB):
Cummins, Inc. (Symbol: CMI):
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 1.04% for Griffon Corp., 0.23% for Seaboard Corp., and 2.45% for Cummins, Inc..
In Tuesday trading, Griffon Corp. shares are currently off about 1.9%, Seaboard Corp. shares are off about 0.9%, and Cummins, Inc. shares are down about 0.6% on the day.
Also see:
TLP Options Chain IDSY shares outstanding history
SINO 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.
