Looking at the universe of stocks we cover at Dividend Channel, on 7/1/21, American Express Co. (Symbol: AXP), Horizon Bancorp Inc (Symbol: HBNC), and Independence Realty Trust Inc (Symbol: IRT) will all trade ex-dividend for their respective upcoming dividends. American Express Co. will pay its quarterly dividend of $0.43 on 8/10/21, Horizon Bancorp Inc will pay its quarterly dividend of $0.13 on 7/16/21, and Independence Realty Trust Inc will pay its quarterly dividend of $0.12 on 7/23/21. As a percentage of AXP's recent stock price of $165.11, this dividend works out to approximately 0.26%, so look for shares of American Express Co. to trade 0.26% lower — all else being equal — when AXP shares open for trading on 7/1/21. Similarly, investors should look for HBNC to open 0.73% lower in price and for IRT to open 0.66% lower, all else being equal.
Below are dividend history charts for AXP, HBNC, and IRT, showing historical dividends prior to the most recent ones declared.
American Express Co. (Symbol: AXP):
Horizon Bancorp Inc (Symbol: HBNC):
Independence Realty Trust Inc (Symbol: IRT):
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 1.04% for American Express Co., 2.93% for Horizon Bancorp Inc, and 2.63% for Independence Realty Trust Inc.
In Tuesday trading, American Express Co. shares are currently up about 0.2%, Horizon Bancorp Inc shares are up about 0.6%, and Independence Realty Trust Inc shares are up about 0.1% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.