Ex-Div Reminder for Financial Institutions

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Looking at the universe of stocks we cover at Dividend Channel , on 9/12/18, Financial Institutions Inc. (Symbol: FISI) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 10/2/18. As a percentage of FISI's recent stock price of $32.45, this dividend works out to approximately 0.74%, so look for shares of Financial Institutions Inc. to trade 0.74% lower - all else being equal - when FISI shares open for trading on 9/12/18.


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FISI is likely to continue, and whether the current estimated yield of 2.96% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FISI shares, versus its 200 day moving average:

Financial Institutions Inc. 200 Day Moving Average Chart

Looking at the chart above, FISI's low point in its 52 week range is $26.20 per share, with $34.35 as the 52 week high point - that compares with a last trade of $32.45.

In Monday trading, Financial Institutions Inc. shares are currently up about 0.5% on the day.

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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: FISI

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