Looking at the universe of stocks we cover at Dividend Channel, on 10/5/23, Intuit Inc (Symbol: INTU), Encore Wire Corp. (Symbol: WIRE), and Mastercard Inc (Symbol: MA) will all trade ex-dividend for their respective upcoming dividends. Intuit Inc will pay its quarterly dividend of $0.90 on 10/17/23, Encore Wire Corp. will pay its quarterly dividend of $0.02 on 10/20/23, and Mastercard Inc will pay its quarterly dividend of $0.57 on 11/9/23. As a percentage of INTU's recent stock price of $515.50, this dividend works out to approximately 0.17%, so look for shares of Intuit Inc to trade 0.17% lower — all else being equal — when INTU shares open for trading on 10/5/23. Similarly, investors should look for WIRE to open 0.01% lower in price and for MA to open 0.14% lower, all else being equal.
Below are dividend history charts for INTU, WIRE, and MA, showing historical dividends prior to the most recent ones declared.
Intuit Inc (Symbol: INTU):
Encore Wire Corp. (Symbol: WIRE):
Mastercard Inc (Symbol: MA):
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 0.70% for Intuit Inc, 0.04% for Encore Wire Corp., and 0.58% for Mastercard Inc.
In Tuesday trading, Intuit Inc shares are currently off about 0.5%, Encore Wire Corp. shares are off about 0.6%, and Mastercard Inc shares are down about 0.5% on the day.
Also see:
Top Ten Hedge Funds Holding HSMV PEP market cap history
ETFs Holding OAKS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
