Looking at the universe of stocks we cover at Dividend Channel, on 2/13/17, Spectra Energy Corp (NYSE: SE), Valero Energy Corp. (NYSE: VLO), and Marathon Oil Corp. (NYSE: MRO) will all trade ex-dividend for their respective upcoming dividends. Spectra Energy Corp will pay its quarterly dividend of $0.44 on 3/1/17, Valero Energy Corp. will pay its quarterly dividend of $0.70 on 3/7/17, and Marathon Oil Corp. will pay its quarterly dividend of $0.05 on 3/10/17.
As a percentage of SE's recent stock price of $42.21, this dividend works out to approximately 1.04%, so look for shares of Spectra Energy Corp to trade 1.04% lower — all else being equal — when SE shares open for trading on 2/13/17. Similarly, investors should look for VLO to open 1.04% lower in price and for MRO to open 0.31% lower, all else being equal.
Below are dividend history charts for SE, VLO, and MRO, showing historical dividends prior to the most recent ones declared.
Spectra Energy Corp (NYSE: SE):
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 4.17% for Spectra Energy Corp, 4.16% for Valero Energy Corp., and 1.25% for Marathon Oil Corp..
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In Thursday trading, Spectra Energy Corp shares are currently up about 1%, Valero Energy Corp. shares are up about 0.4%, and Marathon Oil Corp. shares are up about 0.4% on the day.
