Apr 11 2014, 9:30am CDT | by Forbes
Looking at the universe of stocks we cover at Dividend Channel, on 4/15/14, Graham Holdings Co. (NYSE: GHC), PNM Resources Inc (NYSE: PNM), and PerkinElmer, Inc. (NYSE: PKI) will all trade ex-dividend for their respective upcoming dividends. Graham Holdings Co. will pay its quarterly dividend of $2.55 on 5/5/14, PNM Resources Inc will pay its quarterly dividend of $0.185 on 5/15/14, and PerkinElmer, Inc. will pay its quarterly dividend of $0.07 on 5/9/14.
As a percentage of GHC’s recent stock price of $676.00, this dividend works out to approximately 0.38%, so look for shares of Graham Holdings Co. to trade 0.38% lower — all else being equal — when GHC shares open for trading on 4/15/14. Similarly, investors should look for PNM to open 0.68% lower in price and for PKI to open 0.16% lower, all else being equal.
Below are dividend history charts for GHC, PNM, and PKI, showing historical dividends prior to the most recent ones declared.
Graham Holdings Co. (NYSE: GHC):
PNM Resources Inc (NYSE: PNM):
PerkinElmer, Inc. (NYSE: PKI):
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 1.51% for Graham Holdings Co., 2.72% for PNM Resources Inc, and 0.64% for PerkinElmer, Inc..
In Friday trading, Graham Holdings Co. shares are currently off about 2.4%, PNM Resources Inc shares are up about 1.3%, and PerkinElmer, Inc. shares are off about 0.8% on the day./>/>
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