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Reminder - Griffin Land & Nurseries, Inc. (GRIF) Goes Ex-Dividend Soon

By Dividend Channel Staff, Wednesday, November 23, 10:15 AM ET
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On 11/25/11, Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 12/6/11. As a percentage of GRIF's recent stock price of $27.39, this dividend works out to approximately 0.37%.

Below is a dividend history chart for GRIF, showing historical dividends prior to the most recent $0.10 declared by Griffin Land & Nurseries, Inc.:

GRIF Dividend History
Date Div*
08/23/11 0.100
05/24/11 0.100
02/17/11 0.100
11/26/10 0.100
08/24/10 0.100
05/25/10 0.100
02/18/10 0.100
11/27/09 0.100
08/24/09 0.100
05/26/09 0.100
02/19/09 0.100
11/28/08 0.100
08/25/08 0.100
05/27/08 0.100
02/20/08 0.100
11/19/07 0.100
* 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 GRIF is likely to continue, and whether the current estimated yield of 1.46% on annualized basis is a reasonable expectation of annual yield going forward.

GRIF operates in the Real Estate sector, among companies like Xinyuan Real Estate Co Ltd (NYSE:XIN) which is trading flat today, and E-House China Holdings, Ltd (NYSE:EJ) trading lower by about 3.6%. Below is a three month price history chart comparing the stock performance of GRIF, versus XIN and EJ.

GRIF,XIN,EJ Relative Performance Chart

In Wednesday trading, Griffin Land & Nurseries, Inc. shares are currently trading flat on the day.


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