Looking at the universe of stocks we cover at Dividend Channel, on 11/7/14, Papa John's International, Inc. (NASD: PZZA), Consolidated Edison, Inc. (NYSE: ED), and Bio-Techne Corp (NASD: TECH) will all trade ex-dividend for their respective upcoming dividends. Papa John's International, Inc. will pay its quarterly dividend of $0.14 on 11/21/14, Consolidated Edison, Inc. will pay its quarterly dividend of $0.63 on 12/15/14, and Bio-Techne Corp will pay its quarterly dividend of $0.32 on 11/24/14.
As a percentage of PZZA's recent stock price of $47.32, this dividend works out to approximately 0.30%, so look for shares of Papa John's International, Inc. to trade 0.30% lower — all else being equal — when PZZA shares open for trading on 11/7/14. Similarly, investors should look for ED to open 0.99% lower in price and for TECH to open 0.36% lower, all else being equal.
Below are dividend history charts for PZZA, ED, and TECH, showing historical dividends prior to the most recent ones declared.
Papa John's International, Inc. (NASD: PZZA):
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 1.18% for Papa John's International, Inc., 3.95% for Consolidated Edison, Inc., and 1.42% for Bio-Techne Corp.
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In Wednesday trading, Papa John's International, Inc. shares are currently up about 1.3%, Consolidated Edison, Inc. shares are up about 0.6%, and Bio-Techne Corp shares are off about 0.8% on the day.
