Apr 4 2014, 9:46am CDT | by Forbes
Looking at the universe of stocks we cover at Dividend Channel, on 4/8/14, NetApp, Inc. (NASD: NTAP), Verizon Communications Inc (NYSE: VZ), and American Tower Corp (NYSE: AMT) will all trade ex-dividend for their respective upcoming dividends. NetApp, Inc. will pay its quarterly dividend of $0.15 on 4/22/14, Verizon Communications Inc will pay its quarterly dividend of $0.53 on 5/1/14, and American Tower Corp will pay its quarterly dividend of $0.32 on 4/25/14.
As a percentage of NTAP’s recent stock price of $38.21, this dividend works out to approximately 0.39%, so look for shares of NetApp, Inc. to trade 0.39% lower — all else being equal — when NTAP shares open for trading on 4/8/14. Similarly, investors should look for VZ to open 1.10% lower in price and for AMT to open 0.39% lower, all else being equal.
Below are dividend history charts for NTAP, VZ, and AMT, showing historical dividends prior to the most recent ones declared.
NetApp, Inc. (NASD: NTAP):
Verizon Communications Inc (NYSE: VZ):
American Tower Corp (NYSE: AMT):
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 1.57% for NetApp, Inc., 4.40% for Verizon Communications Inc, and 1.58% for American Tower Corp .
In Friday trading, NetApp, Inc. shares are currently up about 1.8%, Verizon Communications Inc shares are up about 0.2%, and American Tower Corp shares are off about 0.1% on the day./>/>
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