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Ex-Dividend Reminder: Valmont Industries, Canadian Pacific Railway and International Flavors & Fragrances

Play Video: The Importance of Dividends
On 9/23/15, Valmont Industries, Inc. (NYSE:VMI), Canadian Pacific Railway Ltd. (NYSE:CP), and International Flavors & Fragrances Inc. (NYSE:IFF) will all trade ex-dividend for their respective upcoming dividends. Valmont Industries, Inc. will pay its quarterly dividend of $0.375 on 10/15/15, Canadian Pacific Railway Ltd. will pay its quarterly dividend of $0.35 on 10/26/15, and International Flavors & Fragrances Inc. will pay its quarterly dividend of $0.56 on 10/6/15.

As a percentage of VMI's recent stock price of $101.77, this dividend works out to approximately 0.37%, so look for shares of Valmont Industries, Inc. to trade 0.37% lower — all else being equal — when VMI shares open for trading on 9/23/15. Similarly, investors should look for CP to open 0.24% lower in price and for IFF to open 0.53% lower, all else being equal.

Below are dividend history charts for VMI, CP, and IFF, showing historical dividends prior to the most recent ones declared.

Valmont Industries, Inc. (NYSE:VMI):

Canadian Pacific Railway Ltd. (NYSE:

CP):

CP Dividend History Chart

International Flavors & Fragrances Inc. (NYSE:IFF):

IFF 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 1.47% for Valmont Industries, Inc., 0.95% for Canadian Pacific Railway Ltd., and 2.12% for International Flavors & Fragrances Inc..

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In Monday trading, Valmont Industries, Inc. shares...


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