Looking at the universe of stocks we cover at Dividend Channel, on 12/1/23, Nike (Symbol: NKE), Lancaster Colony Corp (Symbol: LANC), and Embecta Corp (Symbol: EMBC) will all trade ex-dividend for their respective upcoming dividends. Nike will pay its quarterly dividend of $0.37 on 1/2/24, Lancaster Colony Corp will pay its quarterly dividend of $0.90 on 12/29/23, and Embecta Corp will pay its quarterly dividend of $0.15 on 12/15/23. As a percentage of NKE's recent stock price of $108.75, this dividend works out to approximately 0.34%, so look for shares of Nike to trade 0.34% lower — all else being equal — when NKE shares open for trading on 12/1/23. Similarly, investors should look for LANC to open 0.55% lower in price and for EMBC to open 0.86% lower, all else being equal.
Below are dividend history charts for NKE, LANC, and EMBC, showing historical dividends prior to the most recent ones declared.
Nike (Symbol: NKE):
Lancaster Colony Corp (Symbol: LANC):
Embecta Corp (Symbol: EMBC):
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 1.36% for Nike, 2.19% for Lancaster Colony Corp, and 3.42% for Embecta Corp.
In Wednesday trading, Nike shares are currently up about 0.7%, Lancaster Colony Corp shares are up about 0.2%, and Embecta Corp shares are up about 0.9% on the day.
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