Looking at the universe of stocks we cover at Dividend Channel, on 11/20/14, Snap-On, Inc. (NYSE: SNA), Heartland Payment Systems Inc (NYSE: HPY), and Timken Co. (NYSE: TKR) will all trade ex-dividend for their respective upcoming dividends. Snap-On, Inc. will pay its quarterly dividend of $0.53 on 12/10/14, Heartland Payment Systems Inc will pay its quarterly dividend of $0.085 on 12/15/14, and Timken Co. will pay its quarterly dividend of $0.25 on 12/5/14.
As a percentage of SNA's recent stock price of $135.66, this dividend works out to approximately 0.39%, so look for shares of Snap-On, Inc. to trade 0.39% lower — all else being equal — when SNA shares open for trading on 11/20/14. Similarly, investors should look for HPY to open 0.16% lower in price and for TKR to open 0.58% lower, all else being equal.
Below are dividend history charts for SNA, HPY, and TKR, showing historical dividends prior to the most recent ones declared.
Snap-On, Inc. (NYSE: SNA):
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 1.56% for Snap-On, Inc., 0.63% for Heartland Payment Systems Inc, and 2.30% for Timken Co. .
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In Tuesday trading, Snap-On, Inc. shares are currently up about 0.6%, Heartland Payment Systems Inc shares are up about 1.1%, and Timken Co. shares are up about 0.6% on the day.
