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Looking at the universe of stocks we cover at Dividend Channel, on 6/28/24, Illinois Tool Works, Inc. (Symbol: ITW), Lennox International Inc (Symbol: LII), and CTS Corp (Symbol: CTS) will all trade ex-dividend for their respective upcoming dividends. Illinois Tool Works, Inc. will pay its quarterly dividend of $1.40 on 7/11/24, Lennox International Inc will pay its quarterly dividend of $1.15 on 7/15/24, and CTS Corp will pay its quarterly dividend of $0.04 on 7/26/24. As a percentage of ITW's recent stock price of $237.95, this dividend works out to approximately 0.59%, so look for shares of Illinois Tool Works, Inc. to trade 0.59% lower — all else being equal — when ITW shares open for trading on 6/28/24. Similarly, investors should look for LII to open 0.21% lower in price and for CTS to open 0.08% lower, all else being equal.

Below are dividend history charts for ITW, LII, and CTS, showing historical dividends prior to the most recent ones declared.

Illinois Tool Works, Inc. (Symbol: ITW):

Lennox International Inc (Symbol: LII):

CTS Corp (Symbol: CTS):

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 2.35% for Illinois Tool Works, Inc., 0.86% for Lennox International Inc, and 0.32% for CTS Corp.

In Wednesday trading, Illinois Tool Works, Inc. shares are currently down about 1.9%, Lennox International Inc shares are down about 1.9%, and CTS Corp shares are down about 0.1% 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.