On 12/28/23, Illinois Tool Works, Canadian Pacific Kansas City, and Deere will all trade ex-dividend for their respective upcoming dividends. Illinois Tool Works, will pay its quarterly dividend of $1.40 on 1/11/24, Canadian Pacific Kansas City will pay its quarterly dividend of $0.19 on 1/29/24, and Deere will pay its quarterly dividend of $1.47 on 2/8/24.
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As a percentage of ITW’s recent stock price of $261.91, this dividend works out to approximately 0.53%, so look for shares of Illinois Tool Works to trade 0.53% lower — all else being equal — when ITW shares open for trading on 12/28/23. Similarly, investors should look for CP to open 0.24% lower in price and for DE to open 0.37% lower, all else being equal.
Below are dividend history charts for ITW, CP, and DE, showing historical dividends prior to the most recent ones declared.
Illinois Tool Works:
Canadian Pacific Kansas:
Deere:
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 2.14% for Illinois Tool Works, 0.96% for Canadian Pacific Kansas City, and 1.48% for Deere.
In Tuesday trading, Illinois Tool Works, shares are currently up about 0.6%, Canadian Pacific Kansas City shares are up about 0.4%, and Deere shares are up about 0.9% on the day.