News

Looking at the universe of stocks we cover at Dividend Channel, on 7/5/24, Cisco Systems Inc (Symbol: CSCO), NetApp, Inc. (Symbol: NTAP), and General Dynamics Corp (Symbol: GD) will all trade ex-dividend for their respective upcoming dividends. Cisco Systems Inc will pay its quarterly dividend of $0.40 on 7/24/24, NetApp, Inc. will pay its quarterly dividend of $0.52 on 7/24/24, and General Dynamics Corp will pay its quarterly dividend of $1.42 on 8/9/24. As a percentage of CSCO's recent stock price of $47.28, this dividend works out to approximately 0.85%, so look for shares of Cisco Systems Inc to trade 0.85% lower — all else being equal — when CSCO shares open for trading on 7/5/24. Similarly, investors should look for NTAP to open 0.40% lower in price and for GD to open 0.50% lower, all else being equal.

Below are dividend history charts for CSCO, NTAP, and GD, showing historical dividends prior to the most recent ones declared.

Cisco Systems Inc (Symbol: CSCO):

NetApp, Inc. (Symbol: NTAP):

General Dynamics Corp (Symbol: GD):

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 3.38% for Cisco Systems Inc, 1.60% for NetApp, Inc., and 1.99% for General Dynamics Corp.

In Wednesday trading, Cisco Systems Inc shares are currently down about 0.5%, NetApp, Inc. shares are off about 0.3%, and General Dynamics Corp shares are down about 0.7% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Also see:

Top Ten Hedge Funds Holding MMMB
GWL Historical Stock Prices
Top Ten Hedge Funds Holding EBSB

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.