Looking at the universe of stocks we cover at Dividend Channel, in trading on Wednesday, shares of Eagle Materials Inc (NYSE: EXP) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.40), with the stock changing hands as low as $19.87 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2011 and each share was worth $80.78 on that date, a mere $2.51 or 3.2% increase over eleven years. But now consider that you collected a whopping $9.69 per share in dividends over the same period, increasing your return to 20.27%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.7%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Eagle Materials Inc (NYSE: EXP) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Eagle Materials Inc, looking at the history chart for EXP below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.
| EXP Dividend History | |
|---|---|
| Date | Div* |
| 09/30/11 | 0.100 |
| 06/20/11 | 0.100 |
| 03/31/11 | 0.100 |
| 12/17/10 | 0.100 |
| 10/01/10 | 0.100 |
| 06/18/10 | 0.100 |
| 03/18/10 | 0.100 |
| 12/21/09 | 0.100 |
| 10/02/09 | 0.100 |
| 06/22/09 | 0.100 |
| 03/30/09 | 0.100 |
| 12/19/08 | 0.100 |
| 10/02/08 | 0.200 |
| 06/20/08 | 0.200 |
| 03/18/08 | 0.200 |
| 12/19/07 | 0.200 |
| 10/03/07 | 0.200 |
| 06/18/07 | 0.200 |
| 03/21/07 | 0.175 |
| 12/19/06 | 0.175 |
| 10/02/06 | 0.175 |
| 06/20/06 | 0.175 |
| 03/20/06 | 0.525 |
| 12/20/05 | 0.100 |
| 10/04/05 | 0.100 |
| 06/21/05 | 0.100 |
| 03/21/05 | 0.100 |
| 12/17/04 | 0.100 |
| 10/01/04 | 0.100 |
| 06/18/04 | 0.100 |
| 03/22/04 | 0.100 |
| 01/09/04 | 2.000 |
| 12/05/03 | 0.017 |
| 09/19/03 | 0.017 |
| 06/20/03 | 0.017 |
| 03/21/03 | 0.017 |
| 12/06/02 | 0.017 |
| 09/20/02 | 0.017 |
| 06/21/02 | 0.017 |
| 03/22/02 | 0.017 |
| 12/14/01 | 0.017 |
| 09/21/01 | 0.017 |
| 06/22/01 | 0.017 |
| 03/30/01 | 0.017 |
| 12/29/00 | 0.017 |
| 09/29/00 | 0.017 |
| 06/23/00 | 0.017 |
| 03/31/00 | 0.017 |
| 01/04/00 | 0.017 |
| 10/04/99 | 0.017 |
| 06/29/99 | 0.017 |
| 03/31/99 | 0.017 |
| 12/31/98 | 0.017 |
| 10/02/98 | 0.017 |
| 06/30/98 | 0.017 |
| 03/31/98 | 0.017 |
| 12/31/97 | 0.017 |
| 09/30/97 | 0.017 |
| 06/27/97 | 0.017 |
| 04/02/97 | 0.017 |
| 12/31/96 | 0.017 |
| 10/02/96 | 0.017 |
| 07/02/96 | 0.017 |
| 04/02/96 | 0.017 |
| * Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company. | |
According to the ETF Finder at ETF Channel, EXP makes up 5.61% of the S&P SmallCap Materials Portfolio ETF (NASD: PSCM) which is trading relatively unchanged on the day Wednesday.
See what other ETFs contain EXP »
See what other stocks are held by PSCM »
EXP operates in the Construction Materials & Machinery sector, among companies like China Advanced Construction Materials Group Inc (CADC), and U.S. Concrete, Inc. (USCR).
