Looking at the universe of stocks we cover at Dividend Channel, on 2/27/14, Macquarie Infrastructure Co LLC (MIC), NRG Yield Inc (NYLD), and Tennant Co. (TNC) will all trade ex-dividend for their respective upcoming dividends. Macquarie Infrastructure Co LLC will pay its quarterly dividend of $0.9125 on 3/6/14, NRG Yield Inc will pay its quarterly dividend of $0.33 on 3/17/14, and Tennant Co. will pay its quarterly dividend of $0.18 on 3/17/14.
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As a percentage of MIC's recent stock price of $55.82, this dividend works out to approximately 1.63%, so look for shares of Macquarie Infrastructure Co LLC to trade 1.63% lower — all else being equal — when MIC shares open for trading on 2/27/14. Similarly, investors should look for NYLD to open 0.88% lower in price and for TNC to open 0.29% lower, all else being equal.
Below are dividend history charts for MIC, NYLD, and TNC, showing historical dividends prior to the most recent ones declared.
Macquarie Infrastructure Co LLC (MIC)
NRG Yield Inc (NYLD)
Tennant Co. (TNC)
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 6.54% for Macquarie Infrastructure Co LLC, 3.52% for NRG Yield Inc, and 1.16% for Tennant Co..