Ex-Dividend Reminder: Universal, Hormel Foods and McCormickBy Dividend Channel Staff, Wednesday, April 7, 10:35 AM ETOn 4/9/21, Universal Corp (NYSE:UVV), Hormel Foods Corp. (NYSE:HRL), and McCormick & Co Inc (NYSE:MKC) will all trade ex-dividend for their respective upcoming dividends. Universal Corp will pay its quarterly dividend of $0.77 on 5/3/21, Hormel Foods Corp. will pay its quarterly dividend of $0.245 on 5/17/21, and McCormick & Co Inc will pay its quarterly dividend of $0.34 on 4/26/21. As a percentage of UVV's recent stock price of $59.77, this dividend works out to approximately 1.29%, so look for shares of Universal Corp to trade 1.29% lower — all else being equal — when UVV shares open for trading on 4/9/21. Similarly, investors should look for HRL to open 0.51% lower in price and for MKC to open 0.38% lower, all else being equal. Below are dividend history charts for UVV, HRL, and MKC, showing historical dividends prior to the most recent ones declared. Universal Corp (NYSE:UVV): Hormel Foods Corp. (NYSE:HRL): McCormick & Co Inc (NYSE:MKC): 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 5.15% for Universal Corp, 2.03% for Hormel Foods Corp., and 1.52% for McCormick & Co Inc. Free Report: Top 7%+ Dividends (paid monthly) In Wednesday trading, Universal Corp shares are currently up about 0.6%, Hormel Foods Corp. shares are up about 0.2%, and McCormick & Co Inc shares are off about 0.2% on the day.
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