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Ex-Dividend Reminder: Federal Signal, Otis Worldwide and Sherwin-Williams

By Dividend Channel Staff, Tuesday, May 18, 9:58 AM ET

On 5/20/21, Federal Signal Corp. (NYSE:FSS), Otis Worldwide Corp (NYSE:OTIS), and Sherwin-Williams Co (NYSE:SHW) will all trade ex-dividend for their respective upcoming dividends. Federal Signal Corp. will pay its quarterly dividend of $0.09 on 6/2/21, Otis Worldwide Corp will pay its quarterly dividend of $0.24 on 6/10/21, and Sherwin-Williams Co will pay its quarterly dividend of $0.55 on 6/4/21.

As a percentage of FSS's recent stock price of $42.45, this dividend works out to approximately 0.21%, so look for shares of Federal Signal Corp. to trade 0.21% lower — all else being equal — when FSS shares open for trading on 5/20/21. Similarly, investors should look for OTIS to open 0.30% lower in price and for SHW to open 0.19% lower, all else being equal.

Below are dividend history charts for FSS, OTIS, and SHW, showing historical dividends prior to the most recent ones declared.

Federal Signal Corp. (NYSE:FSS):

Otis Worldwide Corp (NYSE:OTIS):

Sherwin-Williams Co (NYSE:SHW):

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 0.85% for Federal Signal Corp., 1.22% for Otis Worldwide Corp, and 0.77% for Sherwin-Williams Co .


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In Tuesday trading, Federal Signal Corp. shares are currently off about 1%, Otis Worldwide Corp shares are up about 0.2%, and Sherwin-Williams Co shares are down about 0.7% on the day.


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