Ex-Dividend Reminder: Fifth Third Bancorp, Blackstone Mortgage Trust and Park Hotels & Resorts

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Looking at the universe of stocks we cover at Dividend Channel , on 6/27/19, Fifth Third Bancorp (Symbol: FITB), Blackstone Mortgage Trust Inc (Symbol: BXMT), and Park Hotels & Resorts Inc (Symbol: PK) will all trade ex-dividend for their respective upcoming dividends. Fifth Third Bancorp will pay its quarterly dividend of $0.24 on 7/15/19, Blackstone Mortgage Trust Inc will pay its quarterly dividend of $0.62 on 7/15/19, and Park Hotels & Resorts Inc will pay its quarterly dividend of $0.45 on 7/15/19. As a percentage of FITB's recent stock price of $27.18, this dividend works out to approximately 0.88%, so look for shares of Fifth Third Bancorp to trade 0.88% lower - all else being equal - when FITB shares open for trading on 6/27/19. Similarly, investors should look for BXMT to open 1.72% lower in price and for PK to open 1.63% lower, all else being equal.

Below are dividend history charts for FITB, BXMT, and PK, showing historical dividends prior to the most recent ones declared.

Fifth Third Bancorp (Symbol: FITB) :


Blackstone Mortgage Trust Inc (Symbol: BXMT) :


Park Hotels & Resorts Inc (Symbol: PK) :


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 recen t dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.53% for Fifth Third Bancorp , 6.87% for Blackstone Mortgage Trust Inc, and 6.51% for Park Hotels & Resorts Inc.

In Tuesday trading, Fifth Third Bancorp shares are currently trading flat, Blackstone Mortgage Trust Inc shares are trading flat, and Park Hotels & Resorts Inc shares are up about 0.7% 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 , Stocks
Referenced Symbols: FITB , BXMT , PK

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