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Looking at the universe of stocks we cover at Dividend Channel, on 6/17/24, DT Midstream Inc (Symbol: DTM), DTE Energy Co (Symbol: DTE), and Merck & Co Inc (Symbol: MRK) will all trade ex-dividend for their respective upcoming dividends. DT Midstream Inc will pay its quarterly dividend of $0.735 on 7/15/24, DTE Energy Co will pay its quarterly dividend of $1.02 on 7/15/24, and Merck & Co Inc will pay its quarterly dividend of $0.77 on 7/8/24. As a percentage of DTM's recent stock price of $69.43, this dividend works out to approximately 1.06%, so look for shares of DT Midstream Inc to trade 1.06% lower — all else being equal — when DTM shares open for trading on 6/17/24. Similarly, investors should look for DTE to open 0.91% lower in price and for MRK to open 0.59% lower, all else being equal.

Below are dividend history charts for DTM, DTE, and MRK, showing historical dividends prior to the most recent ones declared.

DT Midstream Inc (Symbol: DTM):

DTE Energy Co (Symbol: DTE):

Merck & Co Inc (Symbol: MRK):

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 4.23% for DT Midstream Inc, 3.62% for DTE Energy Co, and 2.37% for Merck & Co Inc.

In Thursday trading, DT Midstream Inc shares are currently up about 0.5%, DTE Energy Co shares are off about 1%, and Merck & Co Inc shares are down about 1.2% 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.