Ex-Dividend Reminder: Hubbell, Dover Corp and Stepan
Looking at the universe of stocks we cover at Dividend Channel, on 8/30/22, Hubbell Inc. (Symbol: HUBB), Dover Corp (Symbol: DOV), and Stepan Co. (Symbol: SCL) will all trade ex-dividend for their respective upcoming dividends. Hubbell Inc. will pay its quarterly dividend of $1.05 on 9/15/22, Dover Corp will pay its quarterly dividend of $0.505 on 9/15/22, and Stepan Co. will pay its quarterly dividend of $0.335 on 9/15/22. As a percentage of HUBB's recent stock price of $220.82, this dividend works out to approximately 0.48%, so look for shares of Hubbell Inc. to trade 0.48% lower — all else being equal — when HUBB shares open for trading on 8/30/22. Similarly, investors should look for DOV to open 0.37% lower in price and for SCL to open 0.30% lower, all else being equal.
Below are dividend history charts for HUBB, DOV, and SCL, showing historical dividends prior to the most recent ones declared.
Hubbell Inc. (Symbol: HUBB):
Dover Corp (Symbol: DOV):
Stepan Co. (Symbol: SCL):
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 1.90% for Hubbell Inc., 1.50% for Dover Corp, and 1.20% for Stepan Co..
In Friday trading, Hubbell Inc. shares are currently up about 0.1%, Dover Corp shares are down about 0.1%, and Stepan Co. shares are off about 0.1% on the day.
