Looking at the universe of stocks we cover at Dividend Channel, on 2/26/13, Schweitzer-Mauduit International, Inc. (NYSE: SWM) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 3/21/13. As a percentage of SWM's recent stock price of $37.60, this dividend works out to approximately 0.80%, so look for shares of Schweitzer-Mauduit International, Inc. to trade 0.80% lower — all else being equal — when SWM shares open for trading on 2/26/13.
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Below is a dividend history chart for SWM, showing historical dividends prior to the most recent $0.30 declared by Schweitzer-Mauduit International, Inc.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SWM is likely to continue, and whether the current estimated yield of 3.19% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, SWM makes up 3.24% of the S&P SmallCap Materials Portfolio ETF (NASD: PSCM)which is trading relatively unchanged on the day Friday.
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In Friday trading, Schweitzer-Mauduit International, Inc. shares are currently up about 1.5% on the day.
