Ex-Dividend Reminder: International Business Machines, Apple And W.W. Grainger

On 8/7/20, International Business Machines, Apple and W.W. Grainger will all trade ex-dividend for their respective upcoming dividends. International Business Machines will pay its quarterly dividend of $1.63 on 9/10/20, Apple will pay its quarterly dividend of $0.82 on 8/13/20, and W.W. Grainger will pay its quarterly dividend of $1.53 on 9/1/20.

As a percentage of IBM’s recent stock price of $126.41, this dividend works out to approximately 1.29%, so look for shares of International Business Machines to trade 1.29% lower — all else being equal — when IBM shares open for trading on 8/7/20. Similarly, investors should look for AAPL to open 0.19% lower in price and for GWW to open 0.45% lower, all else being equal.

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Below are dividend history charts for IBM, AAPL, and GWW, showing historical dividends prior to the most recent ones declared.

International Business Machines:

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Apple:

W.W. Grainger:

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 5.16% for International Business Machines, 0.75% for Apple, and 1.80% for W.W. Grainger.

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In Wednesday trading, International Business Machines shares are currently up about 0.5%, Apple shares are off about 0.1%, and W.W. Grainger shares are up about 0.7% on the day.

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