Ex-Dividend Reminder: Trinity Industries, IDEX and Methode Electronics


Looking at the universe of stocks we cover at Dividend Channel, on 1/13/22, Trinity Industries, Inc. (Symbol: TRN), IDEX Corporation (Symbol: IEX), and Methode Electronics Inc (Symbol: MEI) will all trade ex-dividend for their respective upcoming dividends. Trinity Industries, Inc. will pay its quarterly dividend of $0.23 on 1/31/22, IDEX Corporation will pay its quarterly dividend of $0.54 on 1/28/22, and Methode Electronics Inc will pay its quarterly dividend of $0.14 on 1/28/22.

As a percentage of TRN’s recent stock price of $30.88, this dividend works out to approximately 0.74%, so look for shares of Trinity Industries, Inc. to trade 0.74% lower — all else being equal — when TRN shares open for trading on 1/13/22. Similarly, investors should look for IEX to open 0.24% lower in price and for MEI to open 0.29% lower, all else being equal.

Below are dividend history charts for TRN, IEX, and MEI, showing historical dividends prior to the most recent ones declared.

Trinity Industries, Inc. (Symbol: TRN):

IDEX Corporation (Symbol: IEX):

IEX+Dividend+History+Chart

Methode Electronics Inc (Symbol: MEI):

MEI+Dividend+History+Chart

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 2.98% for Trinity Industries, Inc., 0.96% for IDEX Corporation, and 1.18% for Methode Electronics Inc.


Free Report: Top 7%+ Dividends (paid monthly)

In Tuesday trading, Trinity Industries, Inc. shares are currently up about 0.5%, IDEX Corporation shares are off about 0.2%, and Methode Electronics Inc shares are off about 0.4% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Source link

Copyright © 2022 Billionaire Club Co LLC. All rights reserved

Chat
Loading the chat ...