Looking at the stock universe we cover on the Dividend Channel, on June 1, 2023, Texttainer Group Holdings Ltd (Symbol: TGH), Mueller Industries Inc. (Symbol: MLI), and CH Robinson Worldwide, Inc. (Symbol: CHRW) ). All companies exchange post-dividend dividends for their respective future dividends. Textainer Group Holdings Ltd to pay a quarterly dividend of $0.30 on June 15, 2023, Mueller Industries Inc to pay a quarterly dividend of $0.30 on June 16, 2023 and CH Robinson Worldwide, Inc. to pay a quarterly dividend of June 2023 Pays a quarterly dividend of $0.61 on the 16th. 7/3/23. As a percentage of TGH’s recent stock price of $36.73, this dividend equates to approximately 0.82%. So when TGH shares start trading on his June 1st, Texttainer Group Holdings Ltd shares are expected to trade 0.82% cheaper, all else being equal. /23. Similarly, investors should expect MLI to start 0.39% lower and CHRW to start 0.62% lower, all else being equal.
Below are the payout history graphs for TGH, MLI and CHRW showing past payouts before the latest payout was declared.
Texttainer Group Holdings Ltd (Symbol Name: TGH):
Mueller Industries Inc (Symbol: MLI):
CH Robinson Worldwide, Inc. (symbol: CHRW):
In general, dividends are not always predictable according to the long-term ups and downs of corporate profits. Therefore, the first step in proper due diligence in forecasting future annual yields is to look at the above history for a sense of long-term stability. This will help determine whether the latest dividends from these companies are likely to continue. If continued, current annualized yield estimates are 3.27% for Tektenor Group Holdings, 1.56% for Mueller Industries and 2.50% for CH Robinson Worldwide.
Free Report: Top 8% and Above Dividends (Paid Monthly)
In Tuesday’s trading, shares of Texttainer Group Holdings are currently up about 0.6%, shares of Mueller Industries are up about 0.3% and shares of CH Robinson Worldwide are up about 0.2% on the day.
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