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Ex-Dividend Reminder: Valley National Bancorp, First Midwest Bancorp and Convergys


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Looking at the universe of stocks we cover at Dividend Channel , on 12/21/17, Valley National Bancorp (Symbol: VLY), First Midwest Bancorp, Inc. (Symbol: FMBI), and Convergys Corp (Symbol: CVG) will all trade ex-dividend for their respective upcoming dividends. Valley National Bancorp will pay its quarterly dividend of $0.11 on 1/3/18, First Midwest Bancorp, Inc. will pay its quarterly dividend of $0.10 on 1/9/18, and Convergys Corp will pay its quarterly dividend of $0.10 on 1/5/18. As a percentage of VLY's recent stock price of $11.68, this dividend works out to approximately 0.94%, so look for shares of Valley National Bancorp to trade 0.94% lower - all else being equal - when VLY shares open for trading on 12/21/17. Similarly, investors should look for FMBI to open 0.40% lower in price and for CVG to open 0.41% lower, all else being equal.

Below are dividend history charts for VLY, FMBI, and CVG, showing historical dividends prior to the most recent ones declared.

Valley National Bancorp (Symbol: VLY) :

VLY+Dividend+History+Chart

First Midwest Bancorp, Inc. (Symbol: FMBI) :

FMBI+Dividend+History+Chart

Convergys Corp (Symbol: CVG) :

CVG+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 3.77% for Valley National Bancorp , 1.60% for First Midwest Bancorp, Inc. , and 1.66% for Convergys Corp.

In Tuesday trading, Valley National Bancorp shares are currently up about 0.6%, First Midwest Bancorp, Inc. shares are up about 0.3%, and Convergys Corp shares are off about 0.6% 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: VLY , FMBI , CVG


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