Looking at the universe of stocks we cover at Dividend Channel, on 4/20/16, Pentair PLC (NYSE: PNR), AZZ Inc (NYSE: AZZ), and Smith & Nephew plc (NYSE: SNN) will all trade ex-dividend for their respective upcoming dividends. Pentair PLC will pay its quarterly dividend of $0.33 on 5/6/16, AZZ Inc will pay its quarterly dividend of $0.15 on 5/6/16, and Smith & Nephew plc will pay its semi-annual dividend of $0.38 on 5/11/16.
As a percentage of PNR's recent stock price of $54.76, this dividend works out to approximately 0.60%, so look for shares of Pentair PLC to trade 0.60% lower — all else being equal — when PNR shares open for trading on 4/20/16. Similarly, investors should look for AZZ to open 0.26% lower in price and for SNN to open 1.10% lower, all else being equal.
Below are dividend history charts for PNR, AZZ, and SNN, showing historical dividends prior to the most recent ones declared.
Pentair PLC (NYSE: PNR):
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 2.41% for Pentair PLC, 1.06% for AZZ Inc, and 2.20% for Smith & Nephew plc.
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In Monday trading, Pentair PLC shares are currently down about 0.6%, AZZ Inc shares are trading flat, and Smith & Nephew plc shares are down about 0.3% on the day.
