Ex-Dividend Reminder: BB&T, CIT Group and WSFS Financial

Shutterstock photo

Looking at the universe of stocks we cover at Dividend Channel , on 8/9/18, BB&T Corp. (Symbol: BBT), CIT Group Inc (Symbol: CIT), and WSFS Financial Corp (Symbol: WSFS) will all trade ex-dividend for their respective upcoming dividends. BB&T Corp. will pay its quarterly dividend of $0.405 on 9/4/18, CIT Group Inc will pay its quarterly dividend of $0.25 on 8/24/18, and WSFS Financial Corp will pay its quarterly dividend of $0.11 on 8/24/18. As a percentage of BBT's recent stock price of $51.96, this dividend works out to approximately 0.78%, so look for shares of BB&T Corp. to trade 0.78% lower - all else being equal - when BBT shares open for trading on 8/9/18. Similarly, investors should look for CIT to open 0.46% lower in price and for WSFS to open 0.20% lower, all else being equal.

Below are dividend history charts for BBT, CIT, and WSFS, showing historical dividends prior to the most recent ones declared.

BB&T Corp. (Symbol: BBT) :


CIT Group Inc (Symbol: CIT) :


WSFS Financial Corp (Symbol: WSFS) :


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 3.12% for BB&T Corp., 1.85% for CIT Group Inc, and 0.79% for WSFS Financial Corp.

In Tuesday trading, BB&T Corp. shares are currently up about 1.1%, CIT Group Inc shares are up about 0.7%, and WSFS Financial Corp 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 Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: BBT , CIT , WSFS

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?