Looking at the universe of stocks we cover at Dividend Channel, on 5/16/24, RTX Corp (Symbol: RTX), BWX Technologies inc (Symbol: BWXT), and ArcelorMittal SA (Symbol: MT) will all trade ex-dividend for their respective upcoming dividends. RTX Corp will pay its quarterly dividend of $0.63 on 6/13/24, BWX Technologies inc will pay its quarterly dividend of $0.24 on 6/6/24, and ArcelorMittal SA will pay its semi-annual dividend of $0.25 on 6/12/24.
As a percentage of RTX’s recent stock price of $105.80, this dividend works out to approximately 0.60%, so look for shares of RTX Corp to trade 0.60% lower — all else being equal — when RTX shares open for trading on 5/16/24. Similarly, investors should look for BWXT to open 0.27% lower in price and for MT to open 0.97% lower, all else being equal.
Below are dividend history charts for RTX, BWXT, and MT, showing historical dividends prior to the most recent ones declared.
RTX Corp (Symbol: RTX):
BWX Technologies inc (Symbol: BWXT):
ArcelorMittal SA (Symbol: MT):
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 2.38% for RTX Corp, 1.08% for BWX Technologies inc, and 1.94% for ArcelorMittal SA.
In Tuesday trading, RTX Corp shares are currently off about 0.5%, BWX Technologies inc shares are off about 1.4%, and ArcelorMittal SA shares are up about 0.8% on the day.
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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.
