Looking at the universe of stocks we cover at Dividend Channel, on 11/21/17, Steris plc (NYSE: STE), Discover Financial Services (NYSE: DFS), and LTC Properties, Inc. (NYSE: LTC) will all trade ex-dividend for their respective upcoming dividends. Steris plc will pay its quarterly dividend of $0.31 on 12/20/17, Discover Financial Services will pay its quarterly dividend of $0.35 on 12/7/17, and LTC Properties, Inc. will pay its monthly dividend of $0.19 on 11/30/17.
As a percentage of STE's recent stock price of $87.44, this dividend works out to approximately 0.35%, so look for shares of Steris plc to trade 0.35% lower — all else being equal — when STE shares open for trading on 11/21/17. Similarly, investors should look for DFS to open 0.54% lower in price and for LTC to open 0.40% lower, all else being equal.
Below are dividend history charts for STE, DFS, and LTC, showing historical dividends prior to the most recent ones declared.
Steris plc (NYSE: 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 1.42% for Steris plc, 2.15% for Discover Financial Services, and 4.84% for LTC Properties, Inc..
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Friday trading, Steris plc shares are currently off about 0.5%, Discover Financial Services shares are up about 0.3%, and LTC Properties, Inc. shares are down about 0.2% on the day.
