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Looking at the universe of stocks we cover at Dividend Channel, on 5/10/24, Rockwell Automation, Inc. (Symbol: ROK), Astec Industries Inc (Symbol: ASTE), and W.W. Grainger Inc. (Symbol: GWW) will all trade ex-dividend for their respective upcoming dividends. Rockwell Automation, Inc. will pay its quarterly dividend of $1.25 on 6/10/24, Astec Industries Inc will pay its quarterly dividend of $0.13 on 5/31/24, and W.W. Grainger Inc. will pay its quarterly dividend of $2.05 on 6/1/24. As a percentage of ROK's recent stock price of $272.04, this dividend works out to approximately 0.46%, so look for shares of Rockwell Automation, Inc. to trade 0.46% lower — all else being equal — when ROK shares open for trading on 5/10/24. Similarly, investors should look for ASTE to open 0.39% lower in price and for GWW to open 0.22% lower, all else being equal.

Below are dividend history charts for ROK, ASTE, and GWW, showing historical dividends prior to the most recent ones declared.

Rockwell Automation, Inc. (Symbol: ROK):

Astec Industries Inc (Symbol: ASTE):

W.W. Grainger Inc. (Symbol: GWW):

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 1.84% for Rockwell Automation, Inc., 1.56% for Astec Industries Inc, and 0.87% for W.W. Grainger Inc..

In Wednesday trading, Rockwell Automation, Inc. shares are currently off about 1.9%, Astec Industries Inc shares are up about 2.1%, and W.W. Grainger Inc. shares are up about 0.6% 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.