On 7/7/23, AT&T, Micron Technology, and NetApp will all trade ex-dividend for their respective upcoming dividends. AT&T will pay its quarterly dividend of $0.2775 on 8/1/23, Micron Technology will pay its quarterly dividend of $0.115 on 7/25/23, and NetApp will pay its quarterly dividend of $0.50 on 7/26/23.
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As a percentage of T’s recent stock price of $16.09, this dividend works out to approximately 1.72%, so look for shares of AT&T Inc to trade 1.72% lower — all else being equal — when T shares open for trading on 7/7/23. Similarly, investors should look for MU to open 0.18% lower in price and for NTAP to open 0.66% lower, all else being equal.
Below are dividend history charts for T, MU, and NTAP, showing historical dividends prior to the most recent ones declared.
AT&T:
Micron Technology:
NetApp:
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 6.90% for AT&T, 0.72% for Micron Technology, and 2.64% for NetApp.
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In Wednesday trading, AT&T Inc shares are currently off about 0.2%, Micron Technology shares are down about 0.7%, and NetApp, shares are off about 0.9% on the day.
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