Looking at the universe of stocks we cover at Dividend Channel, on 11/17/23, Ingersoll Rand Inc (Symbol: IR), Ryder System, Inc. (Symbol: R), and Innospec Inc (Symbol: IOSP) will all trade ex-dividend for their respective upcoming dividends. Ingersoll Rand Inc will pay its quarterly dividend of $0.02 on 12/14/23, Ryder System, Inc. will pay its quarterly dividend of $0.71 on 12/15/23, and Innospec Inc will pay its semi-annual dividend of $0.72 on 11/27/23. As a percentage of IR's recent stock price of $69.63, this dividend works out to approximately 0.03%, so look for shares of Ingersoll Rand Inc to trade 0.03% lower — all else being equal — when IR shares open for trading on 11/17/23. Similarly, investors should look for R to open 0.66% lower in price and for IOSP to open 0.66% lower, all else being equal.
Below are dividend history charts for IR, R, and IOSP, showing historical dividends prior to the most recent ones declared.
Ingersoll Rand Inc (Symbol: IR):
Ryder System, Inc. (Symbol: R):
Innospec Inc (Symbol: IOSP):
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 0.11% for Ingersoll Rand Inc, 2.65% for Ryder System, Inc., and 1.33% for Innospec Inc.
In Wednesday trading, Ingersoll Rand Inc shares are currently trading flat, Ryder System, Inc. shares are up about 0.6%, and Innospec Inc shares are down about 0.5% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
