Ex-Dividend Reminder: OM Group, W & T Offshore and Tesco

Looking at the universe of stocks we cover at Dividend Channel, on 8/20/14, OM Group, Inc. (OMG), W & T Offshore Inc (WTI), and Tesco Corp. (TESO) will all trade ex-dividend for their respective upcoming dividends. OM Group, Inc. will pay its quarterly dividend of $0.075 on 9/5/14, W & T Offshore Inc will pay its quarterly dividend of $0.10 on 9/12/14, and Tesco Corp. will pay its quarterly dividend of $0.05 on 9/2/14.

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As a percentage of OMG's recent stock price of $26.03, this dividend works out to approximately 0.29%, so look for shares of OM Group, Inc. to trade 0.29% lower — all else being equal — when OMG shares open for trading on 8/20/14. Similarly, investors should look for WTI to open 0.73% lower in price and for TESO to open 0.25% lower, all else being equal.

Below are dividend history charts for OMG, WTI, and TESO, showing historical dividends prior to the most recent ones declared.

OM Group, Inc. (OMG):

OMG+Dividend+History+Chart

W & T Offshore Inc (WTI):

WTI+Dividend+History+Chart

Tesco Corp. (TESO):

TESO+Dividend+History+Chart

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 1.15% for OM Group, Inc., 2.91% for W & T Offshore Inc, and 0.98% for Tesco Corp..

In Monday trading, OM Group, Inc. shares are currently up about 0.8%, W & T Offshore Inc shares are off about 0.9%, and Tesco Corp. shares are up about 2.1% on the day.

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