Looking at the universe of stocks we cover at Dividend Channel , on 2/27/14, Old National Bancorp (Symbol: ONB), M & T Bank Corp (Symbol: MTB), and Cubic Corp (Symbol: CUB) will all trade ex-dividend for their respective upcoming dividends. Old National Bancorp will pay its quarterly dividend of $0.11 on 3/17/14, M & T Bank Corp will pay its quarterly dividend of $0.70 on 3/31/14, and Cubic Corp will pay its semi-annual dividend of $0.12 on 3/14/14. As a percentage of ONB's recent stock price of $13.53, this dividend works out to approximately 0.81%, so look for shares of Old National Bancorp to trade 0.81% lower - all else being equal - when ONB shares open for trading on 2/27/14. Similarly, investors should look for MTB to open 0.61% lower in price and for CUB to open 0.23% lower, all else being equal.
Below are dividend history charts for ONB, MTB, and CUB, showing historical dividends prior to the most recent ones declared. Old National Bancorp (Symbol: ONB)
: M & T Bank Corp (Symbol: MTB)
: Cubic Corp (Symbol: CUB)
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 3.25% for Old National Bancorp , 2.45% for M & T Bank Corp, and 0.46% for Cubic Corp. In Tuesday trading, Old National Bancorp shares are currently down about 0.7%, M & T Bank Corp shares are down about 0.5%, and Cubic Corp shares are off about 2.4% on the day.
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