Ex-Dividend Reminder: J&J Snack Foods, Utz Brands and DTE Energy

Looking at the universe of stocks we cover at Dividend Channel, on 9/16/22, J&J Snack Foods Corp. (Symbol: JJSF), Utz Brands Inc (Symbol: UTZ), and DTE Energy Co (Symbol: DTE) will all trade ex-dividend for their respective upcoming dividends. J&J Snack Foods Corp. will pay its quarterly dividend of $0.70 on 10/11/22, Utz Brands Inc will pay its quarterly dividend of $0.054 on 10/6/22, and DTE Energy Co will pay its quarterly dividend of $0.885 on 10/15/22.

As a percentage of JJSF’s recent stock price of $142.09, this dividend works out to approximately 0.49%, so look for shares of J&J Snack Foods Corp. to trade 0.49% lower — all else being equal — when JJSF shares open for trading on 9/16/22. Similarly, investors should look for UTZ to open 0.34% lower in price and for DTE to open 0.66% 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. J&J Snack Foods Corp. (Symbol: JJSF) is a “future dividend aristocrats contender,” with 18+ years of increases.

Below are dividend history charts for JJSF, UTZ, and DTE, showing historical dividends prior to the most recent ones declared.

J&J Snack Foods Corp. (Symbol: JJSF):

Utz Brands Inc (Symbol: UTZ):

DTE Energy Co (Symbol: DTE):

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 1.97% for J&J Snack Foods Corp., 1.34% for Utz Brands Inc, and 2.65% for DTE Energy Co.

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In Wednesday trading, J&J Snack Foods Corp. shares are currently trading flat, Utz Brands Inc shares are off about 0.4%, and DTE Energy Co shares are up about 0.5% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.