Looking at the universe of stocks we cover at Dividend Channel, on 9/16/14, Safeway Inc. (NYSE: SWY), International Game Technology (NYSE: IGT), and Xcel Energy, Inc. (NYSE: XEL) will all trade ex-dividend for their respective upcoming dividends. Safeway Inc. will pay its quarterly dividend of $0.23 on 10/9/14, International Game Technology will pay its quarterly dividend of $0.11 on 10/3/14, and Xcel Energy, Inc. will pay its quarterly dividend of $0.30 on 10/20/14.
As a percentage of SWY's recent stock price of $34.51, this dividend works out to approximately 0.67%, so look for shares of Safeway Inc. to trade 0.67% lower — all else being equal — when SWY shares open for trading on 9/16/14. Similarly, investors should look for IGT to open 0.65% lower in price and for XEL to open 0.95% lower, all else being equal.
Below are dividend history charts for SWY, IGT, and XEL, showing historical dividends prior to the most recent ones declared.
Safeway Inc. (NYSE: SWY):
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 2.67% for Safeway Inc., 2.60% for International Game Technology, and 3.81% for Xcel Energy, Inc..
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In Friday trading, Safeway Inc. shares are currently off about 0.2%, International Game Technology shares are off about 0.1%, and Xcel Energy, Inc. shares are down about 1.1% on the day.
