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Looking at the universe of stocks we cover at Dividend Channel, on 2/22/24, Fortune Brands Innovations Inc (Symbol: FBIN), Cummins, Inc. (Symbol: CMI), and Unilever plc (Symbol: UL) will all trade ex-dividend for their respective upcoming dividends. Fortune Brands Innovations Inc will pay its quarterly dividend of $0.24 on 3/13/24, Cummins, Inc. will pay its quarterly dividend of $1.68 on 3/7/24, and Unilever plc will pay its quarterly dividend of $0.4582 on 3/22/24. As a percentage of FBIN's recent stock price of $79.31, this dividend works out to approximately 0.30%, so look for shares of Fortune Brands Innovations Inc to trade 0.30% lower — all else being equal — when FBIN shares open for trading on 2/22/24. Similarly, investors should look for CMI to open 0.63% lower in price and for UL to open 0.90% lower, all else being equal.

Below are dividend history charts for FBIN, CMI, and UL, showing historical dividends prior to the most recent ones declared.

Fortune Brands Innovations Inc (Symbol: FBIN):

Cummins, Inc. (Symbol: CMI):

Unilever plc (Symbol: UL):

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 1.21% for Fortune Brands Innovations Inc, 2.52% for Cummins, Inc., and 3.61% for Unilever plc.

In Tuesday trading, Fortune Brands Innovations Inc shares are currently down about 0.7%, Cummins, Inc. shares are up about 0.3%, and Unilever plc shares are up about 1.2% on the day.

Also see:

Top Ten Hedge Funds Holding UFI
WOR market cap history
KMT Options Chain

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