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Ex-Dividend Reminder: Clorox, Fastenal and Lowe's Companies

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Looking at the universe of stocks we cover at Dividend Channel, on 10/24/17, Clorox Co (NYSE: CLX), Fastenal Co. (NASD: FAST), and Lowe's Companies Inc (NYSE: LOW) will all trade ex-dividend for their respective upcoming dividends. Clorox Co will pay its quarterly dividend of $0.84 on 11/13/17, Fastenal Co. will pay its quarterly dividend of $0.32 on 11/22/17, and Lowe's Companies Inc will pay its quarterly dividend of $0.41 on 11/8/17.

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As a percentage of CLX's recent stock price of $128.42, this dividend works out to approximately 0.65%, so look for shares of Clorox Co to trade 0.65% lower — all else being equal — when CLX shares open for trading on 10/24/17. Similarly, investors should look for FAST to open 0.66% lower in price and for LOW to open 0.50% lower, all else being equal.

Below are dividend history charts for CLX, FAST, and LOW, showing historical dividends prior to the most recent ones declared.

Clorox Co (NYSE: CLX):

Fastenal Co. (NASD: FAST):

Lowe's Companies Inc (NYSE: LOW):

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 2.62% for Clorox Co , 2.64% for Fastenal Co., and 2.02% for Lowe's Companies Inc.


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In Friday trading, Clorox Co shares are currently down about 1.3%, Fastenal Co. shares are up about 0.4%, and Lowe's Companies Inc shares are trading flat on the day.

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