Looking at the universe of stocks we cover at Dividend Channel, on 4/13/16, Patterson Companies Inc (NASD: PDCO), AbbVie Inc. (NYSE: ABBV), and Abbott Laboratories (NYSE: ABT) will all trade ex-dividend for their respective upcoming dividends. Patterson Companies Inc will pay its quarterly dividend of $0.24 on 4/29/16, AbbVie Inc. will pay its quarterly dividend of $0.57 on 5/16/16, and Abbott Laboratories will pay its quarterly dividend of $0.26 on 5/16/16.
As a percentage of PDCO's recent stock price of $45.02, this dividend works out to approximately 0.53%, so look for shares of Patterson Companies Inc to trade 0.53% lower — all else being equal — when PDCO shares open for trading on 4/13/16. Similarly, investors should look for ABBV to open 0.97% lower in price and for ABT to open 0.61% lower, all else being equal.
Below are dividend history charts for PDCO, ABBV, and ABT, showing historical dividends prior to the most recent ones declared.
Patterson Companies Inc (NASD: PDCO):
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 2.13% for Patterson Companies Inc, 3.90% for AbbVie Inc., and 2.44% for Abbott Laboratories.
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In Monday trading, Patterson Companies Inc shares are currently up about 0.2%, AbbVie Inc. shares are trading flat, and Abbott Laboratories shares are up about 0.7% on the day.
