Looking at the universe of stocks we cover at Dividend Channel, on 11/22/17, Carnival Corp (NYSE: CCL), Office Depot, Inc. (NASD: ODP), and National Grid plc (NYSE: NGG) will all trade ex-dividend for their respective upcoming dividends. Carnival Corp will pay its quarterly dividend of $0.45 on 12/15/17, Office Depot, Inc. will pay its quarterly dividend of $0.025 on 12/15/17, and National Grid plc will pay its semi-annual dividend of $1.0169 on 1/10/18.
As a percentage of CCL’s recent stock price of $66.04, this dividend works out to approximately 0.68%, so look for shares of Carnival Corp to trade 0.68% lower — all else being equal — when CCL shares open for trading on 11/22/17. Similarly, investors should look for ODP to open 0.76% lower in price and for NGG to open 1.72% lower, all else being equal.
Below are dividend history charts for CCL, ODP, and NGG, showing historical dividends prior to the most recent ones declared.
Carnival Corp (NYSE: CCL):
Office Depot, Inc. (NASD: ODP):
National Grid plc (NYSE: NGG):
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 2.73% for Carnival Corp, 3.04% for Office Depot, Inc., and 3.45% for National Grid plc.
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In Monday trading, Carnival Corp shares are currently off about 0.3%, Office Depot, Inc. shares are up about 0.1%, and National Grid plc shares are up about 0.2% on the day.