Looking at the universe of stocks we cover at Dividend Channel, on 9/15/16, General Electric Co (NYSE: GE), Joy Global Inc (NYSE: JOY), and Greif Inc (NYSE: GEF) will all trade ex-dividend for their respective upcoming dividends. General Electric Co will pay its quarterly dividend of $0.23 on 10/25/16, Joy Global Inc will pay its quarterly dividend of $0.01 on 10/3/16, and Greif Inc will pay its quarterly dividend of $0.42 on 10/1/16.
As a percentage of GE's recent stock price of $30.21, this dividend works out to approximately 0.76%, so look for shares of General Electric Co to trade 0.76% lower — all else being equal — when GE shares open for trading on 9/15/16. Similarly, investors should look for JOY to open 0.04% lower in price and for GEF to open 0.88% lower, all else being equal.
Below are dividend history charts for GE, JOY, and GEF, showing historical dividends prior to the most recent ones declared.
General Electric Co (NYSE: GE):
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 3.04% for General Electric Co, 0.15% for Joy Global Inc, and 3.53% for Greif Inc.
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In Tuesday trading, General Electric Co shares are currently down about 0.9%, Joy Global Inc shares are down about 0.3%, and Greif Inc shares are down about 0.5% on the day.
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