Looking at the universe of stocks we cover at Dividend Channel, on 9/3/14, Dick's Sporting Goods, Inc (NYSE: DKS), Gannett Co Inc (NYSE: GCI), and Ross Stores, Inc. (NASD: ROST) will all trade ex-dividend for their respective upcoming dividends. Dick's Sporting Goods, Inc will pay its quarterly dividend of $0.125 on 9/26/14, Gannett Co Inc will pay its quarterly dividend of $0.20 on 10/1/14, and Ross Stores, Inc. will pay its quarterly dividend of $0.20 on 9/30/14.
As a percentage of DKS's recent stock price of $45.36, this dividend works out to approximately 0.28%, so look for shares of Dick's Sporting Goods, Inc to trade 0.28% lower — all else being equal — when DKS shares open for trading on 9/3/14. Similarly, investors should look for GCI to open 0.59% lower in price and for ROST to open 0.26% lower, all else being equal.
Below are dividend history charts for DKS, GCI, and ROST, showing historical dividends prior to the most recent ones declared.
Dick's Sporting Goods, Inc (NYSE: DKS):
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 1.10% for Dick's Sporting Goods, Inc, 2.35% for Gannett Co Inc, and 1.06% for Ross Stores, Inc..
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In Tuesday trading, Dick's Sporting Goods, Inc shares are currently up about 0.6%, Gannett Co Inc shares are up about 0.8%, and Ross Stores, Inc. shares are up about 0.4% on the day.
