Looking at the universe of stocks we cover at Dividend Channel, on 8/27/14, Dominion Resources Inc (NYSE: D), MGE Energy Inc (NASD: MGEE), and NextEra Energy Inc (NYSE: NEE) will all trade ex-dividend for their respective upcoming dividends. Dominion Resources Inc will pay its quarterly dividend of $0.60 on 9/20/14, MGE Energy Inc will pay its quarterly dividend of $0.2825 on 9/15/14, and NextEra Energy Inc will pay its quarterly dividend of $0.725 on 9/15/14.
As a percentage of D's recent stock price of $69.74, this dividend works out to approximately 0.86%, so look for shares of Dominion Resources Inc to trade 0.86% lower — all else being equal — when D shares open for trading on 8/27/14. Similarly, investors should look for MGEE to open 0.70% lower in price and for NEE to open 0.74% lower, all else being equal.
Below are dividend history charts for D, MGEE, and NEE, showing historical dividends prior to the most recent ones declared.
Dominion Resources Inc (NYSE: D):
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 3.44% for Dominion Resources Inc, 2.78% for MGE Energy Inc, and 2.96% for NextEra Energy Inc.
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In Monday trading, Dominion Resources Inc shares are currently up about 0.3%, MGE Energy Inc shares are up about 0.3%, and NextEra Energy Inc shares are up about 0.5% on the day.
