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Ex-Dividend Reminder: Lockheed Martin, Watts Water Technologies and Tennant

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Looking at the universe of stocks we cover at Dividend Channel, on 2/26/15, Lockheed Martin Corp. (NYSE: LMT), Watts Water Technologies Inc (NYSE: WTS), and Tennant Co. (NYSE: TNC) will all trade ex-dividend for their respective upcoming dividends. Lockheed Martin Corp. will pay its quarterly dividend of $1.50 on 3/27/15, Watts Water Technologies Inc will pay its quarterly dividend of $0.15 on 3/13/15, and Tennant Co. will pay its quarterly dividend of $0.20 on 3/16/15.

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As a percentage of LMT's recent stock price of $205.65, this dividend works out to approximately 0.73%, so look for shares of Lockheed Martin Corp. to trade 0.73% lower — all else being equal — when LMT shares open for trading on 2/26/15. Similarly, investors should look for WTS to open 0.27% lower in price and for TNC to open 0.29% lower, all else being equal.

Below are dividend history charts for LMT, WTS, and TNC, showing historical dividends prior to the most recent ones declared.

Lockheed Martin Corp. (NYSE: LMT):

Watts Water Technologies Inc (NYSE: WTS):

Tennant Co. (NYSE: TNC):

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 2.92% for Lockheed Martin Corp., 1.07% for Watts Water Technologies Inc, and 1.16% for Tennant Co..


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In Tuesday trading, Lockheed Martin Corp. shares are currently trading flat, Watts Water Technologies Inc shares are up about 0.8%, and Tennant Co. shares are down about 0.6% on the day.