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| Ex-Dividend Reminder: Leggett & Platt, Macy's and Red Rock ResortsBy Dividend Channel Staff, Tuesday, September 12, 11:28 AM ET
On 9/14/23, Leggett & Platt, Inc. (NYSE:LEG), Macy's Inc (NYSE:M), and Red Rock Resorts Inc (NASDAQ:RRR) will all trade ex-dividend for their respective upcoming dividends. Leggett & Platt, Inc. will pay its quarterly dividend of $0.46 on 10/13/23, Macy's Inc will pay its quarterly dividend of $0.1654 on 10/2/23, and Red Rock Resorts Inc will pay its quarterly dividend of $0.25 on 9/29/23. As a percentage of LEG's recent stock price of $26.79, this dividend works out to approximately 1.72%, so look for shares of Leggett & Platt, Inc. to trade 1.72% lower — all else being equal — when LEG shares open for trading on 9/14/23. Similarly, investors should look for M to open 1.44% lower in price and for RRR to open 0.57% lower, all else being equal. Below are dividend history charts for LEG, M, and RRR, showing historical dividends prior to the most recent ones declared. Leggett & Platt, Inc. (NYSE:LEG): Macy's Inc (NYSE:M): Red Rock Resorts Inc (NASDAQ:RRR): 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 6.87% for Leggett & Platt, Inc., 5.74% for Macy's Inc, and 2.30% for Red Rock Resorts Inc. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Leggett & Platt, Inc. shares are currently off about 0.2%, Macy's Inc shares are up about 0.4%, and Red Rock Resorts Inc shares are off about 0.3% on the day.
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