Looking at the universe of stocks we cover at Dividend Channel, on 9/24/14, Flowserve Corp. (NYSE: FLS), Danaher Corp. (NYSE: DHR), and Valmont Industries, Inc. (NYSE: VMI) will all trade ex-dividend for their respective upcoming dividends. Flowserve Corp. will pay its quarterly dividend of $0.16 on 10/10/14, Danaher Corp. will pay its quarterly dividend of $0.10 on 10/31/14, and Valmont Industries, Inc. will pay its quarterly dividend of $0.375 on 10/15/14.
As a percentage of FLS's recent stock price of $72.81, this dividend works out to approximately 0.22%, so look for shares of Flowserve Corp. to trade 0.22% lower — all else being equal — when FLS shares open for trading on 9/24/14. Similarly, investors should look for DHR to open 0.13% lower in price and for VMI to open 0.28% lower, all else being equal.
Below are dividend history charts for FLS, DHR, and VMI, showing historical dividends prior to the most recent ones declared.
Flowserve Corp. (NYSE: FLS):
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 0.88% for Flowserve Corp., 0.51% for Danaher Corp., and 1.12% for Valmont Industries, Inc..
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes.
In Monday trading, Flowserve Corp. shares are currently down about 1.1%, Danaher Corp. shares are down about 0.8%, and Valmont Industries, Inc. shares are down about 1.4% on the day.
