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05 March
Ex-Dividend Reminder: Tapestry, Lear and Fresh Del Monte Produce

Looking at the universe of stocks we cover at Dividend Channel, on 3/7/24, Tapestry Inc (Symbol: TPR), Lear Corp. (Symbol: LEA), and Fresh Del Monte Produce Inc. (Symbol: FDP) will all trade ex-dividend for their respective upcoming dividends. Tapestry Inc will pay its quarterly dividend of $0.35 on 3/25/24, Lear Corp. will pay its quarterly dividend of $0.77 on 3/27/24, and Fresh Del Monte Produce Inc. will pay its quarterly dividend of $0.25 on 3/29/24. As a percentage of TPR's recent stock price of $47.28, this dividend works out to approximately 0.74%, so look for shares of Tapestry Inc to trade 0.74% lower — all else being equal — when TPR shares open for trading on 3/7/24. Similarly, investors should look for LEA to open 0.56% lower in price and for FDP to open 1.02% lower, all else being equal.

Below are dividend history charts for TPR, LEA, and FDP, showing historical dividends prior to the most recent ones declared.

Tapestry Inc (Symbol: TPR):

TPR+Dividend+History+Chart

Lear Corp. (Symbol: LEA):

LEA+Dividend+History+Chart

Fresh Del Monte Produce Inc. (Symbol: FDP):

FDP+Dividend+History+Chart

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 2.96% for Tapestry Inc, 2.23% for Lear Corp., and 4.08% for Fresh Del Monte Produce Inc..

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In Tuesday trading, Tapestry Inc shares are currently up about 0.1%, Lear Corp. shares are up about 1.4%, and Fresh Del Monte Produce Inc. shares are up about 0.7% 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.