Looking at the universe of stocks we cover at Dividend Channel, on 1/28/15, Texas Instruments Inc. (NASD: TXN), Pentair PLC (NYSE: PNR), and AZZ Inc (NYSE: AZZ) will all trade ex-dividend for their respective upcoming dividends. Texas Instruments Inc. will pay its quarterly dividend of $0.34 on 2/9/15, Pentair PLC will pay its quarterly dividend of $0.32 on 2/13/15, and AZZ Inc will pay its quarterly dividend of $0.15 on 2/13/15.
As a percentage of TXN's recent stock price of $54.53, this dividend works out to approximately 0.62%, so look for shares of Texas Instruments Inc. to trade 0.62% lower — all else being equal — when TXN shares open for trading on 1/28/15. Similarly, investors should look for PNR to open 0.50% lower in price and for AZZ to open 0.36% lower, all else being equal.
Below are dividend history charts for TXN, PNR, and AZZ, showing historical dividends prior to the most recent ones declared.
Texas Instruments Inc. (NASD: TXN):
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 2.49% for Texas Instruments Inc., 1.99% for Pentair PLC, and 1.44% for AZZ Inc.
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In Monday trading, Texas Instruments Inc. shares are currently off about 1%, Pentair PLC shares are trading flat, and AZZ Inc shares are up about 0.2% on the day.
