Looking at the universe of stocks we cover at Dividend Channel, on 7/5/16, Commercial Metals Co. (NYSE: CMC) will trade ex-dividend, for its quarterly dividend of $0.12, payable on 7/21/16. As a percentage of CMC's recent stock price of $17.10, this dividend works out to approximately 0.70%, so look for shares of Commercial Metals Co. to trade 0.70% lower — all else being equal — when CMC shares open for trading on 7/5/16.
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Below is a dividend history chart for CMC, showing historical dividends prior to the most recent $0.12 declared by Commercial Metals Co.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CMC is likely to continue, and whether the current estimated yield of 2.81% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of CMC shares, versus its 200 day moving average:
Looking at the chart above, CMC's low point in its 52 week range is $12.44 per share, with $18.50 as the 52 week high point — that compares with a last trade of $17.15.
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According to the ETF Finder at ETFChannel.com, CMC makes up 4.53% of the SPDR S&P Metals and Mining ETF (AMEX: XME) which is trading up by about 1% on the day Friday.
In Friday trading, Commercial Metals Co. shares are currently up about 1.2% on the day.
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