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25 March
Ex-Dividend Reminder: Regal Rexnord, Granite Construction and Interface

Looking at the universe of stocks we cover at Dividend Channel, on 3/27/24, Regal Rexnord Corp (Symbol: RRX), Granite Construction Inc (Symbol: GVA), and Interface Inc. (Symbol: TILE) will all trade ex-dividend for their respective upcoming dividends. Regal Rexnord Corp will pay its quarterly dividend of $0.35 on 4/12/24, Granite Construction Inc will pay its quarterly dividend of $0.13 on 4/15/24, and Interface Inc. will pay its quarterly dividend of $0.01 on 4/12/24. As a percentage of RRX's recent stock price of $181.21, this dividend works out to approximately 0.19%, so look for shares of Regal Rexnord Corp to trade 0.19% lower — all else being equal — when RRX shares open for trading on 3/27/24. Similarly, investors should look for GVA to open 0.24% lower in price and for TILE to open 0.06% lower, all else being equal.

Below are dividend history charts for RRX, GVA, and TILE, showing historical dividends prior to the most recent ones declared.

Regal Rexnord Corp (Symbol: RRX):

RRX+Dividend+History+Chart

Granite Construction Inc (Symbol: GVA):

GVA+Dividend+History+Chart

Interface Inc. (Symbol: TILE):

TILE+Dividend+History+Chart

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 0.77% for Regal Rexnord Corp, 0.94% for Granite Construction Inc, and 0.23% for Interface Inc..

In Monday trading, Regal Rexnord Corp shares are currently down about 0.6%, Granite Construction Inc shares are down about 0.5%, and Interface Inc. shares are down about 3.8% 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.