Looking at the universe of stocks we cover at Dividend Channel, on 6/1/15, Southwest Airlines Co (NYSE: LUV), Stanley Black & Decker, Inc. (NYSE: SWK), and Avery Dennison Corp. (NYSE: AVY) will all trade ex-dividend for their respective upcoming dividends. Southwest Airlines Co will pay its quarterly dividend of $0.075 on 6/24/15, Stanley Black & Decker, Inc. will pay its quarterly dividend of $0.52 on 6/23/15, and Avery Dennison Corp. will pay its quarterly dividend of $0.37 on 6/17/15.
As a percentage of LUV's recent stock price of $36.90, this dividend works out to approximately 0.20%, so look for shares of Southwest Airlines Co to trade 0.20% lower — all else being equal — when LUV shares open for trading on 6/1/15. Similarly, investors should look for SWK to open 0.50% lower in price and for AVY to open 0.58% lower, all else being equal.
Below are dividend history charts for LUV, SWK, and AVY, showing historical dividends prior to the most recent ones declared.
Southwest Airlines Co (NYSE: LUV):
In general, dividend 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 0.81% for Southwest Airlines Co, 2.01% for Stanley Black & Decker, Inc., and 2.34% for Avery Dennison Corp..
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In Thursday trading, Southwest Airlines Co shares are currently down about 0.2%, Stanley Black & Decker, Inc. shares are off about 0.2%, and Avery Dennison Corp. shares are up about 0.1% on the day.
