Looking at the universe of stocks we cover at Dividend Channel, on 12/23/14, Advance Auto Parts Inc (NYSE: AAP), Portland General Electric Co. (NYSE: POR), and CyrusOne Inc (NASD: CONE) will all trade ex-dividend for their respective upcoming dividends. Advance Auto Parts Inc will pay its quarterly dividend of $0.06 on 1/9/15, Portland General Electric Co. will pay its quarterly dividend of $0.28 on 1/15/15, and CyrusOne Inc will pay its quarterly dividend of $0.21 on 1/9/15.
As a percentage of AAP's recent stock price of $160.88, this dividend works out to approximately 0.04%, so look for shares of Advance Auto Parts Inc to trade 0.04% lower — all else being equal — when AAP shares open for trading on 12/23/14. Similarly, investors should look for POR to open 0.73% lower in price and for CONE to open 0.79% lower, all else being equal.
Below are dividend history charts for AAP, POR, and CONE, showing historical dividends prior to the most recent ones declared.
Advance Auto Parts Inc (NYSE: AAP):
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 0.15% for Advance Auto Parts Inc, 2.90% for Portland General Electric Co., and 3.14% for CyrusOne Inc.
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In Friday trading, Advance Auto Parts Inc shares are currently up about 0.1%, Portland General Electric Co. shares are up about 0.1%, and CyrusOne Inc shares are up about 0.6% on the day.
