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| Ex-Dividend Reminder: Standard Motor Products, Kroger and Global IndustrialBy Dividend Channel Staff, Wednesday, May 10, 12:01 PM ET
On 5/12/23, Standard Motor Products, Inc. (NYSE:SMP), Kroger Co (NYSE:KR), and Global Industrial Company (NYSE:GIC) will all trade ex-dividend for their respective upcoming dividends. Standard Motor Products, Inc. will pay its quarterly dividend of $0.29 on 6/1/23, Kroger Co will pay its quarterly dividend of $0.26 on 6/1/23, and Global Industrial Company will pay its quarterly dividend of $0.20 on 5/22/23. As a percentage of SMP's recent stock price of $37.01, this dividend works out to approximately 0.78%, so look for shares of Standard Motor Products, Inc. to trade 0.78% lower — all else being equal — when SMP shares open for trading on 5/12/23. Similarly, investors should look for KR to open 0.53% lower in price and for GIC to open 0.85% lower, all else being equal. When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Kroger Co (NYSE:KR) is a "future dividend aristocrats contender," with 17+ years of increases. Below are dividend history charts for SMP, KR, and GIC, showing historical dividends prior to the most recent ones declared. Standard Motor Products, Inc. (NYSE:SMP): Kroger Co (NYSE:KR): Global Industrial Company (NYSE:GIC): 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 3.13% for Standard Motor Products, Inc., 2.11% for Kroger Co, and 3.41% for Global Industrial Company. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Standard Motor Products, Inc. shares are currently up about 1.4%, Kroger Co shares are up about 0.3%, and Global Industrial Company shares are up about 0.4% on the day.
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