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Looking at the universe of stocks we cover at Dividend Channel, on 6/20/24, Tootsie Roll Industries Inc (Symbol: TR), Best Buy Inc (Symbol: BBY), and Academy Sports & Outdoors Inc (Symbol: ASO) will all trade ex-dividend for their respective upcoming dividends. Tootsie Roll Industries Inc will pay its quarterly dividend of $0.09 on 7/8/24, Best Buy Inc will pay its quarterly dividend of $0.94 on 7/11/24, and Academy Sports & Outdoors Inc will pay its quarterly dividend of $0.11 on 7/18/24. As a percentage of TR's recent stock price of $28.85, this dividend works out to approximately 0.31%, so look for shares of Tootsie Roll Industries Inc to trade 0.31% lower — all else being equal — when TR shares open for trading on 6/20/24. Similarly, investors should look for BBY to open 1.03% lower in price and for ASO to open 0.20% lower, all else being equal.

Below are dividend history charts for TR, BBY, and ASO, showing historical dividends prior to the most recent ones declared.

Tootsie Roll Industries Inc (Symbol: TR):

Best Buy Inc (Symbol: BBY):

Academy Sports & Outdoors Inc (Symbol: ASO):

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 1.25% for Tootsie Roll Industries Inc, 4.12% for Best Buy Inc, and 0.82% for Academy Sports & Outdoors Inc.

In Tuesday trading, Tootsie Roll Industries Inc shares are currently down about 1.3%, Best Buy Inc shares are up about 4.6%, and Academy Sports & Outdoors Inc shares are up 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.