Quantcast

Ex-Dividend Reminder: Hormel Foods, ConnectOne Bancorp and BankUnited


Shutterstock photo

Looking at the universe of stocks we cover at Dividend Channel , on 7/13/18, Hormel Foods Corp. (Symbol: HRL), ConnectOne Bancorp Inc (Symbol: CNOB), and BankUnited Inc. (Symbol: BKU) will all trade ex-dividend for their respective upcoming dividends. Hormel Foods Corp. will pay its quarterly dividend of $0.1875 on 8/15/18, ConnectOne Bancorp Inc will pay its quarterly dividend of $0.075 on 8/1/18, and BankUnited Inc. will pay its quarterly dividend of $0.21 on 7/31/18. As a percentage of HRL's recent stock price of $37.41, this dividend works out to approximately 0.50%, so look for shares of Hormel Foods Corp. to trade 0.50% lower - all else being equal - when HRL shares open for trading on 7/13/18. Similarly, investors should look for CNOB to open 0.30% lower in price and for BKU to open 0.51% lower, all else being equal.

Below are dividend history charts for HRL, CNOB, and BKU, showing historical dividends prior to the most recent ones declared.

Hormel Foods Corp. (Symbol: HRL) :

HRL+Dividend+History+Chart

ConnectOne Bancorp Inc (Symbol: CNOB) :

CNOB+Dividend+History+Chart

BankUnited Inc. (Symbol: BKU) :

BKU+Dividend+History+Chart

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 2.00% for Hormel Foods Corp., 1.19% for ConnectOne Bancorp Inc , and 2.03% for BankUnited Inc..

In Wednesday trading, Hormel Foods Corp. shares are currently up about 0.2%, ConnectOne Bancorp Inc shares are trading flat, and BankUnited Inc. shares are down about 0.6% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen ยป

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: HRL , CNOB , BKU



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?