Looking at the universe of stocks we cover at Dividend Channel, on 5/12/23, Otter Tail Corp. (Symbol: OTTR), Organon & Co (Symbol: OGN), and Eli Lilly (Symbol: LLY) will all trade ex-dividend for their respective upcoming dividends. Otter Tail Corp. will pay its quarterly dividend of $0.4375 on 6/9/23, Organon & Co will pay its quarterly dividend of $0.28 on 6/15/23, and Eli Lilly will pay its quarterly dividend of $1.13 on 6/9/23. As a percentage of OTTR's recent stock price of $79.08, this dividend works out to approximately 0.55%, so look for shares of Otter Tail Corp. to trade 0.55% lower — all else being equal — when OTTR shares open for trading on 5/12/23. Similarly, investors should look for OGN to open 1.32% lower in price and for LLY to open 0.26% lower, all else being equal.
Below are dividend history charts for OTTR, OGN, and LLY, showing historical dividends prior to the most recent ones declared.
Otter Tail Corp. (Symbol: OTTR):
Organon & Co (Symbol: OGN):
Eli Lilly (Symbol: LLY):
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 2.21% for Otter Tail Corp., 5.28% for Organon & Co, and 1.05% for Eli Lilly.
In Wednesday trading, Otter Tail Corp. shares are currently up about 1%, Organon & Co shares are off about 0.1%, and Eli Lilly shares are up about 0.1% on the day.
Also see:
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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.
