Ex-Dividend Reminder: Blackstone Group, New York Community Bancorp and Cousins Properties

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Looking at the universe of stocks we cover at Dividend Channel , 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) :

BX+Dividend+History+Chart

New York Community Bancorp Inc. (Symbol: NYCB) :

NYCB+Dividend+History+Chart

Cousins Properties Inc. (Symbol: CUZ) :

CUZ+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 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 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: BX , CUZ , NYCB

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