Looking at the universe of stocks we cover on the Dividend Channel, on 05/25/23, Coterra Energy Inc (Ticker: CTRA) will trade ex-dividend, for its $0.20 quarterly dividend, payable on 06/09 /23. As a percentage of CTRA’s recent stock price of $25.91, that dividend equates to about 0.77%, so look for Coterra Energy Inc shares to trade 0.77% lower – all things being equal – when CTRA shares will open for trading on 05/25/23.
In general, dividends are not always predictable; but reviewing the above history can help judge whether CTRA’s most recent dividend is likely to continue and whether the current estimated yield of 3.09% on an annualized basis is a reasonable expectation of annual return in the future. The chart below shows the one-year performance of CTRA stock, compared to its 200-day moving average:
Looking at the chart above, the CTRA low point in its 52-week range is $22.25 per share, with $36.55 as the 52-week high – compare with a last trade of 25.90 $.
In Tuesday’s trading, shares of Coterra Energy Inc are currently up about 0.1% 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.
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