Ex-Dividend Reminder: Stepan, Universal Forest Products and Oceaneering International

Looking at the universe of stocks we cover at Dividend Channel, on 5/27/15, Stepan Co. (SCL), Universal Forest Products Inc. (UFPI), and Oceaneering International, Inc. (OII) will all trade ex-dividend for their respective upcoming dividends. Stepan Co. will pay its quarterly dividend of $0.18 on 6/12/15, Universal Forest Products Inc. will pay its semi-annual dividend of $0.40 on 6/15/15, and Oceaneering International, Inc. will pay its quarterly dividend of $0.27 on 6/19/15.

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As a percentage of SCL's recent stock price of $50.88, this dividend works out to approximately 0.35%, so look for shares of Stepan Co. to trade 0.35% lower — all else being equal — when SCL shares open for trading on 5/27/15. Similarly, investors should look for UFPI to open 0.72% lower in price and for OII to open 0.51% lower, all else being equal.

Below are dividend history charts for SCL, UFPI, and OII, showing historical dividends prior to the most recent ones declared.

Stepan Co. (SCL):

SCL+Dividend+History+Chart

Universal Forest Products Inc. (UFPI):

UFPI+Dividend+History+Chart

Oceaneering International, Inc. (OII):

OII+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 1.41% for Stepan Co., 1.44% for Universal Forest Products Inc., and 2.04% for Oceaneering International, Inc..

In Tuesday trading, Stepan Co. shares are currently off about 0.3%, Universal Forest Products Inc. shares are up about 0.1%, and Oceaneering International, Inc. shares are off about 0.4% on the day.

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