Looking at the universe of stocks we cover at Dividend Channel, on 2/24/14, Cheesecake Factory Inc. (CAKE), Six Flags Entertainment Corp (SIX), and Steris Corp. (STE) will all trade ex-dividend for their respective upcoming dividends. Cheesecake Factory Inc. will pay its quarterly dividend of $0.14 on 3/11/14, Six Flags Entertainment Corp will pay its quarterly dividend of $0.47 on 3/10/14, and Steris Corp. will pay its quarterly dividend of $0.21 on 3/26/14.
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As a percentage of CAKE's recent stock price of $46.29, this dividend works out to approximately 0.30%, so look for shares of Cheesecake Factory Inc. to trade 0.30% lower — all else being equal — when CAKE shares open for trading on 2/24/14. Similarly, investors should look for SIX to open 1.17% lower in price and for STE to open 0.47% lower, all else being equal.
Below are dividend history charts for CAKE, SIX, and STE, showing historical dividends prior to the most recent ones declared.
Cheesecake Factory Inc. (CAKE)
Six Flags Entertainment Corp (SIX)
Steris Corp. (STE)
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 1.21% for Cheesecake Factory Inc. , 4.69% for Six Flags Entertainment Corp, and 1.88% for Steris Corp..