Looking at the universe of stocks we cover at Dividend Channel, on 6/13/19, Telephone & Data Systems Inc (Symbol: TDS), Automatic Data Processing Inc. (Symbol: ADP), and Motorola Solutions Inc (Symbol: MSI) will all trade ex-dividend for their respective upcoming dividends. Telephone & Data Systems Inc will pay its quarterly dividend of $0.165 on 6/28/19, Automatic Data Processing Inc. will pay its quarterly dividend of $0.79 on 7/1/19, and Motorola Solutions Inc will pay its quarterly dividend of $0.57 on 7/15/19. As a percentage of TDS's recent stock price of $29.89, this dividend works out to approximately 0.55%, so look for shares of Telephone & Data Systems Inc to trade 0.55% lower — all else being equal — when TDS shares open for trading on 6/13/19. Similarly, investors should look for ADP to open 0.47% lower in price and for MSI to open 0.35% lower, all else being equal.
Below are dividend history charts for TDS, ADP, and MSI, showing historical dividends prior to the most recent ones declared.
Telephone & Data Systems Inc (Symbol: TDS):
Automatic Data Processing Inc. (Symbol: ADP):
Motorola Solutions Inc (Symbol: MSI):
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 2.21% for Telephone & Data Systems Inc, 1.87% for Automatic Data Processing Inc., and 1.40% for Motorola Solutions Inc.
In Tuesday trading, Telephone & Data Systems Inc shares are currently up about 0.7%, Automatic Data Processing Inc. shares are up about 0.6%, and Motorola Solutions Inc shares are up about 0.8% 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.
