Looking at the universe of stocks we cover at Dividend Channel, on 10/8/14, AZZ Inc (NYSE: AZZ), Masco Corp. (NYSE: MAS), and Monsanto Co. (NYSE: MON) will all trade ex-dividend for their respective upcoming dividends. AZZ Inc will pay its quarterly dividend of $0.15 on 10/24/14, Masco Corp. will pay its quarterly dividend of $0.09 on 11/10/14, and Monsanto Co. will pay its quarterly dividend of $0.49 on 10/31/14.
As a percentage of AZZ's recent stock price of $42.81, this dividend works out to approximately 0.35%, so look for shares of AZZ Inc to trade 0.35% lower — all else being equal — when AZZ shares open for trading on 10/8/14. Similarly, investors should look for MAS to open 0.38% lower in price and for MON to open 0.45% lower, all else being equal.
Below are dividend history charts for AZZ, MAS, and MON, showing historical dividends prior to the most recent ones declared.
AZZ Inc (NYSE: AZZ):
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 1.40% for AZZ Inc, 1.51% for Masco Corp., and 1.78% for Monsanto Co..
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In Monday trading, AZZ Inc shares are currently down about 0.1%, Masco Corp. shares are up about 0.5%, and Monsanto Co. shares are up about 0.1% on the day.
