Looking at the universe of stocks we cover at Dividend Channel, on 11/12/14, Enbridge Inc (NYSE: ENB), Precision Drilling Corp. (NYSE: PDS), and Transocean Ltd. (NYSE: RIG) will all trade ex-dividend for their respective upcoming dividends. Enbridge Inc will pay its quarterly dividend of $0.35 on 12/1/14, Precision Drilling Corp. will pay its quarterly dividend of $0.07 on 11/24/14, and Transocean Ltd. will pay its annual dividend of $3.00 on 12/17/14.
As a percentage of ENB's recent stock price of $46.20, this dividend works out to approximately 0.76%, so look for shares of Enbridge Inc to trade 0.76% lower — all else being equal — when ENB shares open for trading on 11/12/14. Similarly, investors should look for PDS to open 0.86% lower in price and for RIG to open 9.88% lower, all else being equal.
Below are dividend history charts for ENB, PDS, and RIG, showing historical dividends prior to the most recent ones declared.
Enbridge Inc (NYSE: ENB):
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 3.03% for Enbridge Inc, 3.43% for Precision Drilling Corp., and 9.88% for Transocean Ltd..
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In Monday trading, Enbridge Inc shares are currently up about 0.6%, Precision Drilling Corp. shares are up about 2.9%, and Transocean Ltd. shares are up about 2.2% on the day.
