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Looking at the universe of stocks we cover at Dividend Channel, on 6/18/24, Toro Company (Symbol: TTC), Southwest Airlines Co (Symbol: LUV), and Elbit Systems Ltd. (Symbol: ESLT) will all trade ex-dividend for their respective upcoming dividends. Toro Company will pay its quarterly dividend of $0.36 on 7/11/24, Southwest Airlines Co will pay its quarterly dividend of $0.18 on 7/10/24, and Elbit Systems Ltd. will pay its quarterly dividend of $0.50 on 7/1/24. As a percentage of TTC's recent stock price of $95.30, this dividend works out to approximately 0.38%, so look for shares of Toro Company to trade 0.38% lower — all else being equal — when TTC shares open for trading on 6/18/24. Similarly, investors should look for LUV to open 0.63% lower in price and for ESLT to open 0.28% lower, all else being equal.

Below are dividend history charts for TTC, LUV, and ESLT, showing historical dividends prior to the most recent ones declared.

Toro Company (Symbol: TTC):

Southwest Airlines Co (Symbol: LUV):

Elbit Systems Ltd. (Symbol: ESLT):

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 1.51% for Toro Company, 2.53% for Southwest Airlines Co, and 1.11% for Elbit Systems Ltd..

In Friday trading, Toro Company shares are currently up about 0.5%, Southwest Airlines Co shares are off about 0.1%, and Elbit Systems Ltd. shares are down about 3.3% 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.