Ex-Dividend Reminder: IDEX, Alamo Group and WatscoBy Dividend Channel Staff, Monday, July 13, 10:40 AM ET
On 7/15/20, IDEX Corporation (NYSE:IEX), Alamo Group, Inc. (NYSE:ALG), and Watsco Inc. (NYSE:WSO) will all trade ex-dividend for their respective upcoming dividends. IDEX Corporation will pay its quarterly dividend of $0.50 on 7/31/20, Alamo Group, Inc. will pay its quarterly dividend of $0.13 on 7/29/20, and Watsco Inc. will pay its quarterly dividend of $1.775 on 7/31/20.
As a percentage of IEX's recent stock price of $157.99, this dividend works out to approximately 0.32%, so look for shares of IDEX Corporation to trade 0.32% lower — all else being equal — when IEX shares open for trading on 7/15/20. Similarly, investors should look for ALG to open 0.13% lower in price and for WSO to open 0.96% lower, all else being equal.
Below are dividend history charts for IEX, ALG, and WSO, showing historical dividends prior to the most recent ones declared.
IDEX Corporation (NYSE:IEX):
Alamo Group, Inc. (NYSE:ALG):
Watsco Inc. (NYSE:WSO):
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 1.27% for IDEX Corporation, 0.52% for Alamo Group, Inc., and 3.84% for Watsco Inc..
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In Monday trading, IDEX Corporation shares are currently up about 0.7%, Alamo Group, Inc. shares are up about 1.7%, and Watsco Inc. shares are up about 0.4% on the day.
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