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Covidien Plc (COV) Will Trade Ex-Div on 7/28/11

By Dividend Channel Staff, Wednesday, July 27, 10:23 AM ET
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On 7/28/11, Covidien Plc (NYSE:COV) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 8/19/11. As a percentage of COV's recent stock price of $52.02, this dividend works out to approximately 0.38%.

Below is a dividend history chart for COV, showing historical dividends prior to the most recent $0.20 declared by Covidien Plc:

COV Dividend History
Date Div*
04/05/11 0.200
01/27/11 0.200
09/30/10 0.200
07/29/10 0.180
04/13/10 0.180
01/28/10 0.180
10/02/09 0.180
07/31/09 0.160
03/26/09 0.160
02/04/09 0.160
10/07/08 0.160
07/24/08 0.160
03/27/08 0.160
01/23/08 0.160
10/04/07 0.160
06/10/99 0.312
03/11/99 0.312
12/10/98 0.312
09/10/98 0.838
06/11/98 0.312
03/11/98 0.312
12/11/97 0.312
09/10/97 0.312
06/11/97 0.312
03/12/97 0.312
12/11/96 0.312
09/11/96 0.312
06/12/96 0.312
03/12/96 0.312
12/12/95 0.312
09/12/95 0.312
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from COV is likely to continue, and whether the current estimated yield of 1.54% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, COV makes up 7.86% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading lower by about 0.5% on the day Wednesday.

     See what other ETFs contain COV »
     See what other stocks are held by IHI »

COV operates in the Medical Instruments & Supplies sector, among companies like Nuvasive Inc (NASDAQ:NUVA) which is down about 2% today, and Mako Surgical Corp (NASDAQ:MAKO) trading lower by about 2.1%. Below is a three month price history chart comparing the stock performance of COV, versus NUVA and MAKO.

COV,NUVA,MAKO Relative Performance Chart In Wednesday trading, Covidien Plc shares are currently off about 0.1% on the day.


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