Looking at the universe of stocks we cover at Dividend Channel, on 10/22/14, Select Income Real Estate Investment Trust (NYSE: SIR), Franklin Street Properties Corp (AMEX: FSP), and Pentair PLC (NYSE: PNR) will all trade ex-dividend for their respective upcoming dividends. Select Income Real Estate Investment Trust will pay its quarterly dividend of $0.48 on 11/20/14, Franklin Street Properties Corp will pay its quarterly dividend of $0.19 on 11/13/14, and Pentair PLC will pay its quarterly dividend of $0.30 on 11/7/14.
As a percentage of SIR's recent stock price of $23.61, this dividend works out to approximately 2.03%, so look for shares of Select Income Real Estate Investment Trust to trade 2.03% lower — all else being equal — when SIR shares open for trading on 10/22/14. Similarly, investors should look for FSP to open 1.63% lower in price and for PNR to open 0.47% lower, all else being equal.
Below are dividend history charts for SIR, FSP, and PNR, showing historical dividends prior to the most recent ones declared.
Select Income Real Estate Investment Trust (NYSE: SIR):
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 8.13% for Select Income Real Estate Investment Trust, 6.51% for Franklin Street Properties Corp, and 1.87% for Pentair PLC.
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In Monday trading, Select Income Real Estate Investment Trust shares are currently up about 0.8%, Franklin Street Properties Corp shares are up about 0.3%, and Pentair PLC shares are up about 0.7% on the day.
