Looking at the universe of stocks we cover at
, on 2/6/14, Blackstone Group LP (Symbol: BX), New York Community
Bancorp Inc. (Symbol: NYCB), and Cousins Properties Inc. (Symbol:
CUZ) will all trade ex-dividend for their respective upcoming
dividends. Blackstone Group LP will pay its quarterly dividend of
$0.58 on 2/18/14, New York Community Bancorp Inc. will pay its
quarterly dividend of $0.25 on 2/21/14, and Cousins Properties Inc.
will pay its quarterly dividend of $0.075 on 2/24/14. As a
percentage of BX's recent stock price of $31.41, this dividend
works out to approximately 1.85%, so look for shares of Blackstone
Group LP to trade 1.85% lower - all else being equal - when BX
shares open for trading on 2/6/14. Similarly, investors should look
for NYCB to open 1.61% lower in price and for CUZ to open 0.72%
lower, all else being equal.
Below are dividend history charts for BX, NYCB, and CUZ, showing
historical dividends prior to the most recent ones declared.
Blackstone Group LP (Symbol: BX)
New York Community Bancorp Inc. (Symbol: NYCB)
Cousins Properties Inc. (Symbol: CUZ)
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
7.39% for Blackstone Group LP, 6.43% for New York Community Bancorp
Inc., and 2.87% for Cousins Properties Inc..
In Tuesday trading, Blackstone Group LP shares are currently up
about 0.8%, New York Community Bancorp Inc. shares are up about
0.1%, and Cousins Properties Inc. shares are off about 0.1% on the
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