On 12/12/19, El Paso Electric, Conmed and Gilead Sciences will all trade ex-dividend for their respective upcoming dividends. El Paso Electric will pay its quarterly dividend of $0.385 on 12/27/19, Conmed will pay its quarterly dividend of $0.20 on 1/7/20, and Gilead Sciences will pay its quarterly dividend of $0.63 on 12/30/19.
As a percentage of EE’s recent stock price of $67.34, this dividend works out to approximately 0.57%, so look for shares of El Paso Electric to trade 0.57% lower — all else being equal — when EE shares open for trading on 12/12/19. Similarly, investors should look for CNMD to open 0.18% lower in price and for GILD to open 0.95% lower, all else being equal.
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Below are dividend history charts for EE, CNMD, and GILD, showing historical dividends prior to the most recent ones declared.
El Paso Electric:
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 2.29% for El Paso Electric, 0.72% for Conmed and 3.80% for Gilead Sciences.
In Tuesday trading, El Paso Electric shares are currently down about 0.2%, Conmed shares are off about 0.5%, and Gilead Sciences shares are down about 0.9% on the day.