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ABM Industries, Inc. (ABM) Passes Through 3% Yield Mark

By Dividend Channel Staff, Monday, August 8, 3:44 PM ET
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In trading on Monday, shares of ABM Industries, Inc. (NYSE:ABM) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.56), with the stock changing hands as low as $17.98 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 you would have paid $78.27 per share. Fast forward to 5/31/2011 and each share was worth $80.78 on that date, a mere $2.51 or 3.2% increase over eleven years. But now consider that you collected a whopping $9.69 per share in dividends over the same period, increasing your return to 20.27%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.7%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. ABM Industries, Inc. (NYSE:ABM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

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In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of ABM Industries, Inc., looking at the history chart for ABM below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.

ABM Dividend History
Date Div*
07/05/11 0.140
04/05/11 0.140
01/04/11 0.140
10/05/10 0.135
06/29/10 0.135
04/06/10 0.135
01/05/10 0.135
10/06/09 0.130
06/30/09 0.130
04/07/09 0.130
01/06/09 0.130
10/07/08 0.125
07/01/08 0.125
04/08/08 0.125
01/08/08 0.125
10/09/07 0.120
07/02/07 0.120
04/10/07 0.120
01/10/07 0.120
10/11/06 0.110
07/05/06 0.110
04/11/06 0.110
01/11/06 0.110
10/12/05 0.105
07/06/05 0.105
04/06/05 0.105
01/12/05 0.105
10/06/04 0.100
07/08/04 0.100
04/07/04 0.100
01/08/04 0.100
10/08/03 0.095
07/10/03 0.095
04/15/03 0.095
01/15/03 0.095
10/10/02 0.090
07/11/02 0.090
03/26/02 0.090
01/16/02 0.090
10/11/01 0.083
07/11/01 0.083
04/10/01 0.083
01/10/01 0.083
10/11/00 0.077
07/12/00 0.077
04/12/00 0.077
01/12/00 0.077
10/13/99 0.070
07/13/99 0.070
04/13/99 0.070
01/13/99 0.070
10/13/98 0.060
07/13/98 0.060
04/13/98 0.060
01/13/98 0.060
10/10/97 0.050
07/11/97 0.050
04/11/97 0.050
01/13/97 0.050
10/09/96 0.044
07/11/96 0.044
04/11/96 0.044
01/10/96 0.044
10/11/95 0.037
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

According to the ETF Finder at ETF Channel, ABM makes up 1.49% of the S&P SmallCap Industrials Portfolio ETF (NASDAQ:PSCI) which is trading lower by about 6% on the day Monday.

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See what other stocks are held by PSCI

ABM operates in the Waste Management sector, among companies like Waste Management, Inc. (NYSE:WM) which is down about 5.9% today, and Republic Services, Inc. (NYSE:RSG) trading lower by about 6.2%. Below is a three month price history chart comparing the stock performance of ABM, versus WM and RSG.

ABM,WM,RSG Relative Performance Chart


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