Looking at the universe of stocks we cover at Dividend Channel, on 12/19/13, Tootsie Roll Industries Inc (NYSE: TR), Brown Shoe Co., Inc. (NYSE: BWS), and SEI Investments Company (NASD: SEIC) will all trade ex-dividend for their respective upcoming dividends. Tootsie Roll Industries Inc will pay its quarterly dividend of $0.08 on 1/2/14, Brown Shoe Co., Inc. will pay its quarterly dividend of $0.07 on 1/2/14, and SEI Investments Company will pay its semi-annual dividend of $0.22 on 1/10/14.
As a percentage of TR's recent stock price of $32.23, this dividend works out to approximately 0.25%, so look for shares of Tootsie Roll Industries Inc to trade 0.25% lower — all else being equal — when TR shares open for trading on 12/19/13. Similarly, investors should look for BWS to open 0.27% lower in price and for SEIC to open 0.65% lower, all else being equal.
Below are dividend history charts for TR, BWS, and SEIC, showing historical dividends prior to the most recent ones declared.
Tootsie Roll Industries Inc (NYSE: TR):
Brown Shoe Co., Inc. (NYSE: BWS):
SEI Investments Company (NASD: SEIC):
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 0.99% for Tootsie Roll Industries Inc, 1.09% for Brown Shoe Co., Inc., and 1.31% for SEI Investments Company.
In Tuesday trading, Tootsie Roll Industries Inc shares are currently down about 0.5%, Brown Shoe Co., Inc. shares are trading flat, and SEI Investments Company shares are down about 0.5% on the day.
