On 5/15/23, Alcoa, Exxon Mobil, and Chord Energy will all trade ex-dividend for their respective upcoming dividends. Alcoa will pay its quarterly dividend of $0.10 on 6/2/23, Exxon Mobil will pay its quarterly dividend of $0.91 on 6/9/23, and Chord Energy will pay its quarterly dividend of $1.25 on 5/30/23.
Start slideshow: 10 Stocks Where Yields Got More Juicy »
As a percentage of AA’s recent stock price of $35.18, this dividend works out to approximately 0.28%, so look for shares of Alcoa Corporation to trade 0.28% lower — all else being equal — when AA shares open for trading on 5/15/23. Similarly, investors should look for XOM to open 0.86% lower in price and for CHRD to open 0.90% lower, all else being equal.
Below are dividend history charts for AA, XOM, and CHRD, showing historical dividends prior to the most recent ones declared.
Alcoa:
Exxon Mobil:
Chord Energy:
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 1.14% for Alcoa, 3.43% for Exxon Mobil, and 3.59% for Chord Energy.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Thursday trading, Alcoa shares are currently off about 2.7%, Exxon Mobil shares are off about 1.6%, and Chord Energy shares are off about 1.7% on the day.
Read the full article here