Ex-Dividend Reminder: Coca-Cola, BorgWarner And Polaris

On 11/30/22, Coca-Cola, BorgWarner, and Polaris will all trade ex-dividend for their respective upcoming dividends. Coca-Cola will pay its quarterly dividend of $0.44 on 12/15/22, BorgWarner will pay its quarterly dividend of $0.17 on 12/15/22, and Polaris will pay its quarterly dividend of $0.64 on 12/15/22.

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As a percentage of KO’s recent stock price of $62.98, this dividend works out to approximately 0.70%, so look for shares of Coca-Cola Co to trade 0.70% lower — all else being equal — when KO shares open for trading on 11/30/22. Similarly, investors should look for BWA to open 0.41% lower in price and for PII to open 0.57% lower, all else being equal.

Below are dividend history charts for KO, BWA, and PII, showing historical dividends prior to the most recent ones declared.

Coca-Cola:

BorgWarner:

Polaris:

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 2.79% for Coca-Cola, 1.62% for BorgWarner, and 2.28% for Polaris.

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In Monday trading, Coca-Cola shares are currently up about 0.5%, BorgWarner shares are off about 0.6%, and Polaris shares are off about 0.2% on the day.