Looking at the universe of stocks we cover at Dividend Channel, on 12/24/13, Deutsche Bank Contingent Capital (NYSE: DKT), Thor Industries, Inc. (NYSE: THO), and Ralph Lauren Corp (NYSE: RL) will all trade ex-dividend for their respective upcoming dividends. Deutsche Bank Contingent Capital will pay its quarterly dividend of $0.5031 on 12/30/13, Thor Industries, Inc. will pay its quarterly dividend of $0.23 on 1/14/14, and Ralph Lauren Corp will pay its quarterly dividend of $0.45 on 1/10/14.
As a percentage of DKT’s recent stock price of $27.05, this dividend works out to approximately 1.86%, so look for shares of Deutsche Bank Contingent Capital to trade 1.86% lower — all else being equal — when DKT shares open for trading on 12/24/13. Similarly, investors should look for THO to open 0.44% lower in price and for RL to open 0.26% lower, all else being equal.
Below are dividend history charts for DKT, THO, and RL, showing historical dividends prior to the most recent ones declared.
Deutsche Bank Contingent Capital (NYSE: DKT):
Thor Industries, Inc. (NYSE: THO):
Ralph Lauren Corp (NYSE: RL):
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 7.44% for Deutsche Bank Contingent Capital, 1.78% for Thor Industries, Inc., and 1.02% for Ralph Lauren Corp.
In Friday trading, Deutsche Bank Contingent Capital shares are currently trading flat, Thor Industries, Inc. shares are down about 0.1%, and Ralph Lauren Corp shares are up about 0.3% on the day.