Looking at the universe of stocks we cover at Dividend Channel, on 1/26/15, Clorox Co. (NYSE: CLX), Cal-Maine Foods, Inc. (NASD: CALM), and PNM Resources Inc (NYSE: PNM) will all trade ex-dividend for their respective upcoming dividends. Clorox Co. will pay its quarterly dividend of $0.74 on 2/13/15, Cal-Maine Foods, Inc. will pay its quarterly dividend of $0.252 on 2/12/15, and PNM Resources Inc will pay its quarterly dividend of $0.20 on 2/13/15.
As a percentage of CLX's recent stock price of $109.34, this dividend works out to approximately 0.68%, so look for shares of Clorox Co. to trade 0.68% lower — all else being equal — when CLX shares open for trading on 1/26/15. Similarly, investors should look for CALM to open 0.69% lower in price and for PNM to open 0.65% lower, all else being equal.
Below are dividend history charts for CLX, CALM, and PNM, showing historical dividends prior to the most recent ones declared.
Clorox Co. (NYSE: CLX):
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 2.71% for Clorox Co., 2.77% for Cal-Maine Foods, Inc., and 2.62% for PNM Resources Inc.
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In Thursday trading, Clorox Co. shares are currently up about 0.5%, Cal-Maine Foods, Inc. shares are up about 0.2%, and PNM Resources Inc shares are up about 0.2% on the day.
