Apr 11 2014, 9:30am CDT | by Forbes
Looking at the universe of stocks we cover at Dividend Channel, on 4/15/14, EMCOR Group, Inc. (NYSE: EME), Acuity Brands Inc (NYSE: AYI), and IDEX Corporation (NYSE: IEX) will all trade ex-dividend for their respective upcoming dividends. EMCOR Group, Inc. will pay its quarterly dividend of $0.08 on 4/30/14, Acuity Brands Inc will pay its quarterly dividend of $0.13 on 5/1/14, and IDEX Corporation will pay its quarterly dividend of $0.28 on 4/30/14.
As a percentage of EME’s recent stock price of $44.14, this dividend works out to approximately 0.18%, so look for shares of EMCOR Group, Inc. to trade 0.18% lower — all else being equal — when EME shares open for trading on 4/15/14. Similarly, investors should look for AYI to open 0.11% lower in price and for IEX to open 0.40% lower, all else being equal.
Below are dividend history charts for EME, AYI, and IEX, showing historical dividends prior to the most recent ones declared.
EMCOR Group, Inc. (NYSE: EME):
Acuity Brands Inc (NYSE: AYI):
IDEX Corporation (NYSE: IEX):
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 0.72% for EMCOR Group, Inc., 0.43% for Acuity Brands Inc , and 1.60% for IDEX Corporation.
In Friday trading, EMCOR Group, Inc. shares are currently trading flat, Acuity Brands Inc shares are down about 0.7%, and IDEX Corporation shares are off about 0.5% on the day./>/>
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