Ex-Dividend Reminder: Manulife Financial, Jack Henry & Associates and Globe Specialty Metals


Looking at the universe of stocks we cover at Dividend Channel , on 2/24/14, Manulife Financial Corp. (Symbol: MFC), Jack Henry & Associates, Inc. (Symbol: JKHY), and Globe Specialty Metals Inc (Symbol: GSM) will all trade ex-dividend for their respective upcoming dividends. Manulife Financial Corp. will pay its quarterly dividend of $0.13 on 3/19/14, Jack Henry & Associates, Inc. will pay its quarterly dividend of $0.22 on 3/12/14, and Globe Specialty Metals Inc will pay its quarterly dividend of $0.075 on 3/12/14. As a percentage of MFC's recent stock price of $19.10, this dividend works out to approximately 0.68%, so look for shares of Manulife Financial Corp. to trade 0.68% lower - all else being equal - when MFC shares open for trading on 2/24/14. Similarly, investors should look for JKHY to open 0.38% lower in price and for GSM to open 0.41% lower, all else being equal.

Below are dividend history charts for MFC, JKHY, and GSM, showing historical dividends prior to the most recent ones declared.

Manulife Financial Corp. (Symbol: MFC) :


Jack Henry & Associates, Inc. (Symbol: JKHY) :


Globe Specialty Metals Inc (Symbol: GSM) :


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 2.72% for Manulife Financial Corp., 1.51% for Jack Henry & Associates, Inc., and 1.64% for Globe Specialty Metals Inc.

In Thursday trading, Manulife Financial Corp. shares are currently up about 0.4%, Jack Henry & Associates, Inc. shares are up about 0.2%, and Globe Specialty Metals 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: MFC , JKHY , GSM

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