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Ex-Dividend Reminder: Teck Resources, Garmin and Leggett & Platt

By Dividend Channel Staff, Friday, December 10, 10:01 AM ET
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On 12/14/21, Teck Resources Ltd (NYSE:TECK), Garmin Ltd (NYSE:GRMN), and Leggett & Platt, Inc. (NYSE:LEG) will all trade ex-dividend for their respective upcoming dividends. Teck Resources Ltd will pay its quarterly dividend of $0.05 on 12/31/21, Garmin Ltd will pay its quarterly dividend of $0.67 on 12/31/21, and Leggett & Platt, Inc. will pay its quarterly dividend of $0.42 on 1/14/22.

As a percentage of TECK's recent stock price of $27.83, this dividend works out to approximately 0.18%, so look for shares of Teck Resources Ltd to trade 0.18% lower — all else being equal — when TECK shares open for trading on 12/14/21. Similarly, investors should look for GRMN to open 0.49% lower in price and for LEG to open 0.99% lower, all else being equal.

Below are dividend history charts for TECK, GRMN, and LEG, showing historical dividends prior to the most recent ones declared.

Teck Resources Ltd (NYSE:TECK):

Garmin Ltd (NYSE:GRMN):

Leggett & Platt, Inc. (NYSE:LEG):

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 0.72% for Teck Resources Ltd, 1.96% for Garmin Ltd, and 3.95% for Leggett & Platt, Inc..


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In Friday trading, Teck Resources Ltd shares are currently up about 0.6%, Garmin Ltd shares are up about 0.8%, and Leggett & Platt, Inc. shares are up about 1% on the day.


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