Looking at the universe of stocks we cover at Dividend Channel, on 1/30/15, Suburban Propane Partners L.P. (NYSE: SPH), AES Corp. (NYSE: AES), and 1st Source Corp. (NASD: SRCE) will all trade ex-dividend for their respective upcoming dividends. Suburban Propane Partners L.P. will pay its quarterly dividend of $0.875 on 2/10/15, AES Corp. will pay its quarterly dividend of $0.10 on 2/17/15, and 1st Source Corp. will pay its quarterly dividend of $0.18 on 2/13/15.
As a percentage of SPH's recent stock price of $45.76, this dividend works out to approximately 1.91%, so look for shares of Suburban Propane Partners L.P. to trade 1.91% lower — all else being equal — when SPH shares open for trading on 1/30/15. Similarly, investors should look for AES to open 0.78% lower in price and for SRCE to open 0.57% lower, all else being equal.
Below are dividend history charts for SPH, AES, and SRCE, showing historical dividends prior to the most recent ones declared.
Suburban Propane Partners L.P. (NYSE: SPH):
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 7.65% for Suburban Propane Partners L.P., 3.14% for AES Corp., and 2.28% for 1st Source Corp..
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In Wednesday trading, Suburban Propane Partners L.P. shares are currently trading flat, AES Corp. shares are up about 0.2%, and 1st Source Corp. shares are off about 0.2% on the day.
