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Looking at the universe of stocks we cover at Dividend Channel, on 2/15/24, Black Hills Corporation (Symbol: BKH), Fortis Inc (Symbol: FTS), and 3M Co (Symbol: MMM) will all trade ex-dividend for their respective upcoming dividends. Black Hills Corporation will pay its quarterly dividend of $0.65 on 3/1/24, Fortis Inc will pay its quarterly dividend of $0.59 on 3/1/24, and 3M Co will pay its quarterly dividend of $1.51 on 3/12/24. As a percentage of BKH's recent stock price of $52.82, this dividend works out to approximately 1.23%, so look for shares of Black Hills Corporation to trade 1.23% lower — all else being equal — when BKH shares open for trading on 2/15/24. Similarly, investors should look for FTS to open 1.50% lower in price and for MMM to open 1.60% lower, all else being equal.

Below are dividend history charts for BKH, FTS, and MMM, showing historical dividends prior to the most recent ones declared.

Black Hills Corporation (Symbol: BKH):

Fortis Inc (Symbol: FTS):

3M Co (Symbol: MMM):

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 4.92% for Black Hills Corporation, 5.98% for Fortis Inc, and 6.38% for 3M Co.

In Tuesday trading, Black Hills Corporation shares are currently up about 2.3%, Fortis Inc shares are up about 1%, and 3M Co shares are up about 1.9% 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.