Looking at the universe of stocks we cover at Dividend Channel, on 5/28/14, Green Plains Inc. (NASD: GPRE), Alon USA Energy Inc (NYSE: ALJ), and Baytex Energy Corp (NYSE: BTE) will all trade ex-dividend for their respective upcoming dividends. Green Plains Inc. will pay its quarterly dividend of $0.04 on 6/20/14, Alon USA Energy Inc will pay its quarterly dividend of $0.06 on 6/16/14, and Baytex Energy Corp will pay its monthly dividend of $0.22 on 6/13/14.
As a percentage of GPRE's recent stock price of $28.32, this dividend works out to approximately 0.14%, so look for shares of Green Plains Inc. to trade 0.14% lower — all else being equal — when GPRE shares open for trading on 5/28/14. Similarly, investors should look for ALJ to open 0.42% lower in price and for BTE to open 0.52% lower, all else being equal.
Below are dividend history charts for GPRE, ALJ, and BTE, showing historical dividends prior to the most recent ones declared.
Green Plains Inc. (NASD: GPRE):
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 0.57% for Green Plains Inc., 1.66% for Alon USA Energy Inc, and 6.28% for Baytex Energy Corp.
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In Tuesday trading, Green Plains Inc. shares are currently up about 0.8%, Alon USA Energy Inc shares are up about 0.1%, and Baytex Energy Corp shares are up about 0.1% on the day.
