Looking at the universe of stocks we cover at Dividend Channel, on 5/6/16, Sanderson Farms Inc (NASD: SAFM), Constellation Brands Inc (NYSE: STZ), and Extended Stay America Inc (NYSE: STAY) will all trade ex-dividend for their respective upcoming dividends. Sanderson Farms Inc will pay its quarterly dividend of $0.22 on 5/24/16, Constellation Brands Inc will pay its quarterly dividend of $0.40 on 5/24/16, and Extended Stay America Inc will pay its quarterly dividend of $0.19 on 5/24/16.
As a percentage of SAFM's recent stock price of $91.42, this dividend works out to approximately 0.24%, so look for shares of Sanderson Farms Inc to trade 0.24% lower — all else being equal — when SAFM shares open for trading on 5/6/16. Similarly, investors should look for STZ to open 0.25% lower in price and for STAY to open 1.24% lower, all else being equal.
Below are dividend history charts for SAFM, STZ, and STAY, showing historical dividends prior to the most recent ones declared.
Sanderson Farms Inc (NASD: SAFM):
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 0.96% for Sanderson Farms Inc, 1.02% for Constellation Brands Inc, and 4.95% for Extended Stay America Inc.
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In Wednesday trading, Sanderson Farms Inc shares are currently up about 0.7%, Constellation Brands Inc shares are off about 0.8%, and Extended Stay America Inc shares are down about 0.3% on the day.
