PVD has furnished an October dividend every year of their 16 year history and has furnished an April or May dividend in 15 of 16 years (they skipped 2009). In the past decade, the May div generally been significantly better than the previous October divy, often 2 - 2.5x higher. Seeing as we're coming off $1.831, the highest Oct. divy in PVD's 16 year history, and the stock price has been appreciating smartly recently, does anyone have an educated guess regarding what we may expect from the upcoming dividend? Purely based on that Oct '10 divy, a $3.66 - $4.58 dividend would seem reasonable (2 - 2.5 x $1.831).
$4.58 is based on the previous Oct. dividend ($1.83), which is frequently a bellweather for May Divy which follows it. I would be surprised if there was not a nice dividend headed our way shortly; the only question is how big.
Since closing on March 16th at the recent low of $67.48, the stock has zoomed back up to $80.00 in just a little over two weeks. I have to assume some of it is anticipation of that upcoming divy, though as usual there is precious little visible news for us Yanks in the States.