Looking at the universe of stocks we cover at Dividend Channel, on 9/10/14, Devon Energy Corp. (NYSE: DVN), Williams Cos Inc (NYSE: WMB), and National Oilwell Varco Inc (NYSE: NOV) will all trade ex-dividend for their respective upcoming dividends. Devon Energy Corp. will pay its quarterly dividend of $0.24 on 9/30/14, Williams Cos Inc will pay its quarterly dividend of $0.56 on 9/29/14, and National Oilwell Varco Inc will pay its quarterly dividend of $0.46 on 9/26/14.
As a percentage of DVN's recent stock price of $71.65, this dividend works out to approximately 0.33%, so look for shares of Devon Energy Corp. to trade 0.33% lower — all else being equal — when DVN shares open for trading on 9/10/14. Similarly, investors should look for WMB to open 0.96% lower in price and for NOV to open 0.56% lower, all else being equal.
Below are dividend history charts for DVN, WMB, and NOV, showing historical dividends prior to the most recent ones declared.
Devon Energy Corp. (NYSE: DVN):
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 1.34% for Devon Energy Corp., 3.84% for Williams Cos Inc , and 2.23% for National Oilwell Varco Inc.
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In Monday trading, Devon Energy Corp. shares are currently off about 1.5%, Williams Cos Inc shares are off about 1.4%, and National Oilwell Varco Inc shares are down about 1.2% on the day.
