Looking at the universe of stocks we cover at Dividend Channel, on 12/24/13, Convergys Corp. (NYSE: CVG), Staples Inc (NASD: SPLS), and Xcel Energy, Inc. (NYSE: XEL) will all trade ex-dividend for their respective upcoming dividends. Convergys Corp. will pay its quarterly dividend of $0.06 on 1/10/14, Staples Inc will pay its quarterly dividend of $0.12 on 1/16/14, and Xcel Energy, Inc. will pay its quarterly dividend of $0.28 on 1/20/14.
As a percentage of CVG’s recent stock price of $20.86, this dividend works out to approximately 0.29%, so look for shares of Convergys Corp. to trade 0.29% lower — all else being equal — when CVG shares open for trading on 12/24/13. Similarly, investors should look for SPLS to open 0.77% lower in price and for XEL to open 0.99% lower, all else being equal.
Convergys Corp. (NYSE: CVG):
Staples Inc (NASD: SPLS):
Xcel Energy, Inc. (NYSE: XEL):
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 1.15% for Convergys Corp., 3.07% for Staples Inc, and 3.94% for Xcel Energy, Inc..
In Friday trading, Convergys Corp. shares are currently up about 0.5%, Staples Inc shares are up about 0.4%, and Xcel Energy, Inc. shares are up about 1% on the day.