Timing the Dividend Pulse

As the financial world spins, with 3/22/24 fast approaching, Altria Group Inc (Symbol: MO), Johnson Controls International plc (Symbol: JCI), and Arcos Dorados Holdings Inc (Symbol: ARCO) are set to go ex-dividend. Altria Group Inc will lavish its investors with a quarterly dividend of $0.98 on 4/30/24, Johnson Controls International plc will bestow a quarterly dividend of $0.37 on 4/19/24, and Arcos Dorados Holdings Inc will tender a quarterly dividend of $0.06 on 3/28/24. When juxtaposed against MO’s recent stock price of $44.63, this dividend equates to approximately 2.20%. In this tumultuous stock market tangle, anticipate shares of Altria Group Inc to dance 2.20% lower — all else held constant — as MO shares set sail for trading on 3/22/24. A similar fate awaits JCI and ARCO, with expectations for them to open 0.58% and 0.54% lower, respectively.

The Dividend Aristocrats: A Pantheon of Wealth

When a venerable S&P 1500 component attains 20 years of consecrated dividend increases, it becomes a prospective inductee into the coveted “Dividend Aristocrats” index. Altria Group Inc (Symbol: MO) exudes the aura of a “future dividend aristocrats contender,” boasting 15+ years of uninterrupted dividend hikes, much like a resilient sprinter pushing towards the finish line.

Delve into the annals of dividend history for MO, JCI, and ARCO to witness the rhythmic cadence of their past dividends leading up to the most recent declarations. Behold the Altria Group Inc (Symbol: MO):

And behold the Johnson Controls International plc (Symbol: JCI):

Lastly, cast your gaze upon the Arcos Dorados Holdings Inc (Symbol: ARCO):

Dividends, like the ebb and flow of tides, do not always adhere to a predictable cadence, dancing to the tune of company profits. Thus, in prepping for a voyage of financial foresight, one would do well to glance at the historical dividend data above, offering a glimpse into the stability over epochs. This glimpse serves as a guiding star in assessing the likelihood of these companies continuing their dividend bestowals. If these blessings persist, the estimated annualized yields would stand at 8.78% for Altria Group Inc, 2.32% for Johnson Controls International plc, and 2.17% for Arcos Dorados Holdings Inc, akin to a fruitful harvest after long seasons of labor.

The Stock Market Waltz

In the captivating ballet of Wednesday’s trading, Altria Group Inc pirouettes up by 0.3%, Johnson Controls International plc elegantly rises by 0.9%, while Arcos Dorados Holdings Inc gracefully ascends by 1.4% on this particular day of market theatrics.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.