Looking at the universe of stocks we cover at Dividend Channel, on 12/29/21, Flowserve Corp (Symbol: FLS) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 1/14/22. As a percentage of FLS's recent stock price of $30.05, this dividend works out to approximately 0.67%, so look for shares of Flowserve Corp to trade 0.67% lower — all else being equal — when FLS shares open for trading on 12/29/21.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FLS is likely to continue, and whether the current estimated yield of 2.66% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FLS shares, versus its 200 day moving average:
Looking at the chart above, FLS's low point in its 52 week range is $28.15 per share, with $44.39 as the 52 week high point — that compares with a last trade of $30.07.
In Monday trading, Flowserve Corp shares are currently down about 0.6% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
