Looking at the universe of stocks we cover at Dividend Channel, on 6/23/15, Pembina Pipeline Corp (NYSE: PBA), ProAssurance Corp. (NYSE: PRA), and Toro Co. (NYSE: TTC) will all trade ex-dividend for their respective upcoming dividends. Pembina Pipeline Corp will pay its monthly dividend of $0.1525 on 7/15/15, ProAssurance Corp. will pay its annual dividend of $0.31 on 7/9/15, and Toro Co. will pay its quarterly dividend of $0.25 on 7/13/15.
As a percentage of PBA's recent stock price of $33.18, this dividend works out to approximately 0.46%, so look for shares of Pembina Pipeline Corp to trade 0.46% lower — all else being equal — when PBA shares open for trading on 6/23/15. Similarly, investors should look for PRA to open 0.66% lower in price and for TTC to open 0.36% lower, all else being equal.
Below are dividend history charts for PBA, PRA, and TTC, showing historical dividends prior to the most recent ones declared.
Pembina Pipeline Corp (NYSE: PBA):
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 5.52% for Pembina Pipeline Corp, 0.66% for ProAssurance Corp., and 1.46% for Toro Co. .
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In Friday trading, Pembina Pipeline Corp shares are currently down about 0.6%, ProAssurance Corp. shares are trading flat, and Toro Co. shares are trading flat on the day.
