Looking at the universe of stocks we cover at Dividend Channel, on 5/27/15, Dover Corp (NYSE: DOV), Corning, Inc. (NYSE: GLW), and Aircastle Ltd. (NYSE: AYR) will all trade ex-dividend for their respective upcoming dividends. Dover Corp will pay its quarterly dividend of $0.40 on 6/15/15, Corning, Inc. will pay its quarterly dividend of $0.12 on 6/30/15, and Aircastle Ltd. will pay its quarterly dividend of $0.22 on 6/15/15.
As a percentage of DOV's recent stock price of $77.52, this dividend works out to approximately 0.52%, so look for shares of Dover Corp to trade 0.52% lower — all else being equal — when DOV shares open for trading on 5/27/15. Similarly, investors should look for GLW to open 0.56% lower in price and for AYR to open 0.91% lower, all else being equal.
Below are dividend history charts for DOV, GLW, and AYR, showing historical dividends prior to the most recent ones declared.
Dover Corp (NYSE: DOV):
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 2.06% for Dover Corp, 2.25% for Corning, Inc., and 3.63% for Aircastle Ltd..
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In Tuesday trading, Dover Corp shares are currently off about 0.3%, Corning, Inc. shares are down about 0.7%, and Aircastle Ltd. shares are down about 1.6% on the day.
