Looking at the universe of stocks we cover at Dividend Channel, on 7/1/15, Cisco Systems, Inc. (NASD: CSCO), Steelcase, Inc. (NYSE: SCS), and Heico Corp. (NYSE: HEI) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems, Inc. will pay its quarterly dividend of $0.21 on 7/22/15, Steelcase, Inc. will pay its quarterly dividend of $0.1125 on 7/15/15, and Heico Corp. will pay its semi-annual dividend of $0.07 on 7/20/15.
As a percentage of CSCO's recent stock price of $27.97, this dividend works out to approximately 0.75%, so look for shares of Cisco Systems, Inc. to trade 0.75% lower — all else being equal — when CSCO shares open for trading on 7/1/15. Similarly, investors should look for SCS to open 0.58% lower in price and for HEI to open 0.12% lower, all else being equal.
Below are dividend history charts for CSCO, SCS, and HEI, showing historical dividends prior to the most recent ones declared.
Cisco Systems, Inc. (NASD: CSCO):
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 3.00% for Cisco Systems, Inc., 2.31% for Steelcase, Inc., and 0.23% for Heico Corp..
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In Monday trading, Cisco Systems, Inc. shares are currently off about 1.1%, Steelcase, Inc. shares are down about 1.2%, and Heico Corp. shares are down about 0.2% on the day.
