Looking at the universe of stocks we cover at Dividend Channel, on 4/20/15, Pier 1 Imports Inc. (NYSE: PIR), Lennar Corp. (NYSE: LEN), and Lowe's Companies Inc (NYSE: LOW) will all trade ex-dividend for their respective upcoming dividends. Pier 1 Imports Inc. will pay its quarterly dividend of $0.07 on 5/6/15, Lennar Corp. will pay its quarterly dividend of $0.04 on 5/6/15, and Lowe's Companies Inc will pay its quarterly dividend of $0.23 on 5/6/15.
As a percentage of PIR's recent stock price of $13.34, this dividend works out to approximately 0.52%, so look for shares of Pier 1 Imports Inc. to trade 0.52% lower — all else being equal — when PIR shares open for trading on 4/20/15. Similarly, investors should look for LEN to open 0.08% lower in price and for LOW to open 0.31% lower, all else being equal.
Below are dividend history charts for PIR, LEN, and LOW, showing historical dividends prior to the most recent ones declared.
Pier 1 Imports Inc. (NYSE: PIR):
In general, dividend stocks 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 2.10% for Pier 1 Imports Inc., 0.32% for Lennar Corp., and 1.24% for Lowe's Companies Inc.
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In Thursday trading, Pier 1 Imports Inc. shares are currently up about 0.2%, Lennar Corp. shares are off about 1.7%, and Lowe's Companies Inc shares are up about 0.8% on the day.
