Looking at the universe of stocks we cover at Dividend Channel, on 11/17/14, Target Corp (NYSE: TGT), Select Medical Holdings Corp (NYSE: SEM), and AFLAC Inc. (NYSE: AFL) will all trade ex-dividend for their respective upcoming dividends. Target Corp will pay its quarterly dividend of $0.52 on 12/10/14, Select Medical Holdings Corp will pay its quarterly dividend of $0.10 on 12/1/14, and AFLAC Inc. will pay its quarterly dividend of $0.39 on 12/1/14.
As a percentage of TGT's recent stock price of $67.53, this dividend works out to approximately 0.77%, so look for shares of Target Corp to trade 0.77% lower — all else being equal — when TGT shares open for trading on 11/17/14. Similarly, investors should look for SEM to open 0.74% lower in price and for AFL to open 0.66% lower, all else being equal.
Below are dividend history charts for TGT, SEM, and AFL, showing historical dividends prior to the most recent ones declared.
Target Corp (NYSE: TGT):
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 3.08% for Target Corp, 2.94% for Select Medical Holdings Corp, and 2.63% for AFLAC Inc..
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In Thursday trading, Target Corp shares are currently up about 1.2%, Select Medical Holdings Corp shares are down about 0.4%, and AFLAC Inc. shares are trading flat on the day.
