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Ex-Dividend Reminder: CBS, MGM Resorts International and South Jersey Industries


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Looking at the universe of stocks we cover at Dividend Channel , on 12/8/17, CBS Corp (Symbol: CBS), MGM Resorts International (Symbol: MGM), and South Jersey Industries, Inc. (Symbol: SJI) will all trade ex-dividend for their respective upcoming dividends. CBS Corp will pay its quarterly dividend of $0.18 on 1/1/18, MGM Resorts International will pay its quarterly dividend of $0.11 on 12/15/17, and South Jersey Industries, Inc. will pay its quarterly dividend of $0.28 on 12/27/17. As a percentage of CBS's recent stock price of $57.62, this dividend works out to approximately 0.31%, so look for shares of CBS Corp to trade 0.31% lower - all else being equal - when CBS shares open for trading on 12/8/17. Similarly, investors should look for MGM to open 0.32% lower in price and for SJI to open 0.84% lower, all else being equal.

Below are dividend history charts for CBS, MGM, and SJI, showing historical dividends prior to the most recent ones declared.

CBS Corp (Symbol: CBS) :

CBS+Dividend+History+Chart

MGM Resorts International (Symbol: MGM) :

MGM+Dividend+History+Chart

South Jersey Industries, Inc. (Symbol: SJI) :

SJI+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 1.25% for CBS Corp, 1.30% for MGM Resorts International, and 3.36% for South Jersey Industries, Inc..

In Wednesday trading, CBS Corp shares are currently off about 0.8%, MGM Resorts International shares are off about 0.1%, and South Jersey Industries, Inc. shares are up about 0.1% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Options
Referenced Symbols: CBS , MGM , SJI


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