Looking at the universe of stocks we cover at Dividend Channel, on 2/10/16, TECO Energy Inc. (NYSE: TE), WEC Energy Group Inc (NYSE: WEC), and Duke Energy Corp (NYSE: DUK) will all trade ex-dividend for their respective upcoming dividends. TECO Energy Inc. will pay its quarterly dividend of $0.23 on 2/29/16, WEC Energy Group Inc will pay its quarterly dividend of $0.495 on 3/1/16, and Duke Energy Corp will pay its quarterly dividend of $0.825 on 3/16/16.
As a percentage of TE's recent stock price of $27.22, this dividend works out to approximately 0.84%, so look for shares of TECO Energy Inc. to trade 0.84% lower — all else being equal — when TE shares open for trading on 2/10/16. Similarly, investors should look for WEC to open 0.87% lower in price and for DUK to open 1.04% lower, all else being equal.
Below are dividend history charts for TE, WEC, and DUK, showing historical dividends prior to the most recent ones declared.
TECO Energy Inc. (NYSE: TE):
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 3.38% for TECO Energy Inc., 3.47% for WEC Energy Group Inc, and 4.15% for Duke Energy Corp.
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In Monday trading, TECO Energy Inc. shares are currently off about 0.2%, WEC Energy Group Inc shares are off about 0.1%, and Duke Energy Corp shares are up about 0.5% on the day.
