Ex-Dividend Reminder: Kennametal, Apogee Enterprises and ArchrockBy Dividend Channel Staff, Thursday, May 4, 9:58 AM ETOn 5/8/23, Kennametal Inc. (NYSE:KMT), Apogee Enterprises Inc (NASDAQ:APOG), and Archrock Inc (NYSE:AROC) will all trade ex-dividend for their respective upcoming dividends. Kennametal Inc. will pay its quarterly dividend of $0.20 on 5/23/23, Apogee Enterprises Inc will pay its quarterly dividend of $0.24 on 5/24/23, and Archrock Inc will pay its quarterly dividend of $0.15 on 5/16/23. As a percentage of KMT's recent stock price of $26.89, this dividend works out to approximately 0.74%, so look for shares of Kennametal Inc. to trade 0.74% lower — all else being equal — when KMT shares open for trading on 5/8/23. Similarly, investors should look for APOG to open 0.60% lower in price and for AROC to open 1.56% lower, all else being equal. Below are dividend history charts for KMT, APOG, and AROC, showing historical dividends prior to the most recent ones declared. Kennametal Inc. (NYSE:KMT): Apogee Enterprises Inc (NASDAQ:APOG): Archrock Inc (NYSE:AROC): 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 2.98% for Kennametal Inc., 2.38% for Apogee Enterprises Inc, and 6.22% for Archrock Inc. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, Kennametal Inc. shares are currently trading flat, Apogee Enterprises Inc shares are down about 1.9%, and Archrock Inc shares are up about 1.7% on the day.
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