Looking at the universe of stocks we cover at Dividend Channel, on 6/24/15, Flowserve Corp. (NYSE: FLS), Valmont Industries, Inc. (NYSE: VMI), and Canadian Pacific Railway Ltd. (NYSE: CP) will all trade ex-dividend for their respective upcoming dividends. Flowserve Corp. will pay its quarterly dividend of $0.18 on 7/10/15, Valmont Industries, Inc. will pay its quarterly dividend of $0.375 on 7/15/15, and Canadian Pacific Railway Ltd. will pay its quarterly dividend of $0.35 on 7/27/15.
As a percentage of FLS's recent stock price of $54.05, this dividend works out to approximately 0.33%, so look for shares of Flowserve Corp. to trade 0.33% lower — all else being equal — when FLS shares open for trading on 6/24/15. Similarly, investors should look for VMI to open 0.30% lower in price and for CP to open 0.21% lower, all else being equal.
Below are dividend history charts for FLS, VMI, and CP, showing historical dividends prior to the most recent ones declared.
Flowserve Corp. (NYSE: FLS):
In general, dividend paying stocks 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 1.33% for Flowserve Corp., 1.22% for Valmont Industries, Inc., and 0.83% for Canadian Pacific Railway Ltd..
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In Monday trading, Flowserve Corp. shares are currently up about 1%, Valmont Industries, Inc. shares are up about 0.5%, and Canadian Pacific Railway Ltd. shares are up about 0.8% on the day.
