Looking at the universe of stocks we cover at Dividend Channel, on 9/11/14,
As a percentage of PKG's recent stock price of $69.84, this dividend works out to approximately 0.57%, so look for shares of Packaging Corp of America to trade 0.57% lower — all else being equal — when PKG shares open for trading on 9/11/14. Similarly, investors should look for NEU to open 0.27% lower in price and for EMN to open 0.42% lower, all else being equal.
Below are dividend history charts for PKG, NEU, and EMN, showing historical dividends prior to the most recent ones declared.
Packaging Corp of America (NYSE: PKG):
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 2.29% for Packaging Corp of America, 1.07% for NewMarket Corp, and 1.69% for Eastman Chemical Co..
Special Offer: Find out what Dave Moenning is holding in the Top 5 Portfolio with a free 30 day trial and a 20% off coupon from Forbes.
In Tuesday trading, Packaging Corp of America shares are currently down about 0.4%, NewMarket Corp shares are up about 0.1%, and Eastman Chemical Co. shares are off about 0.5% on the day.
