Looking at the universe of stocks we cover at Dividend Channel, on 6/26/14, Amdocs Ltd. (NASD: DOX), Vermilion Energy Inc. (NYSE: VET), and Baytex Energy Corp (NYSE: BTE) will all trade ex-dividend for their respective upcoming dividends. Amdocs Ltd. will pay its quarterly dividend of $0.155 on 7/18/14, Vermilion Energy Inc. will pay its monthly dividend of $0.215 on 7/15/14, and Baytex Energy Corp will pay its monthly dividend of $0.24 on 7/15/14.
As a percentage of DOX's recent stock price of $47.26, this dividend works out to approximately 0.33%, so look for shares of Amdocs Ltd. to trade 0.33% lower — all else being equal — when DOX shares open for trading on 6/26/14. Similarly, investors should look for VET to open 0.30% lower in price and for BTE to open 0.53% lower, all else being equal.
Below are dividend history charts for DOX, VET, and BTE, showing historical dividends prior to the most recent ones declared.
Amdocs Ltd. (NASD: DOX):
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 1.31% for Amdocs Ltd., 3.65% for Vermilion Energy Inc., and 6.34% for Baytex Energy Corp.
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In Tuesday trading, Amdocs Ltd. shares are currently up about 0.1%, Vermilion Energy Inc. shares are down about 0.4%, and Baytex Energy Corp shares are up about 0.4% on the day.
