Looking at the universe of stocks we cover at Dividend Channel, on 5/31/24, Union Pacific Corp (Symbol: UNP), Ashland Inc (Symbol: ASH), and Cabot Corp. (Symbol: CBT) will all trade ex-dividend for their respective upcoming dividends. Union Pacific Corp will pay its quarterly dividend of $1.30 on 6/28/24, Ashland Inc will pay its quarterly dividend of $0.405 on 6/15/24, and Cabot Corp. will pay its quarterly dividend of $0.43 on 6/14/24. As a percentage of UNP's recent stock price of $229.01, this dividend works out to approximately 0.57%, so look for shares of Union Pacific Corp to trade 0.57% lower — all else being equal — when UNP shares open for trading on 5/31/24. Similarly, investors should look for ASH to open 0.40% lower in price and for CBT to open 0.43% lower, all else being equal.
Below are dividend history charts for UNP, ASH, and CBT, showing historical dividends prior to the most recent ones declared.
Union Pacific Corp (Symbol: UNP):
Ashland Inc (Symbol: ASH):
Cabot Corp. (Symbol: CBT):
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 2.27% for Union Pacific Corp, 1.62% for Ashland Inc, and 1.71% for Cabot Corp..
In Wednesday trading, Union Pacific Corp shares are currently down about 1.3%, Ashland Inc shares are up about 0.5%, and Cabot Corp. shares are off about 1.2% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
