Looking at the universe of stocks we cover at Dividend Channel, on 9/13/19, ARMOUR Residential REIT Inc. (Symbol: ARR), BCE Inc (Symbol: BCE), and Universal Display Corp (Symbol: OLED) will all trade ex-dividend for their respective upcoming dividends. ARMOUR Residential REIT Inc. will pay its monthly dividend of $0.17 on 9/27/19, BCE Inc will pay its quarterly dividend of $0.7925 on 10/15/19, and Universal Display Corp will pay its quarterly dividend of $0.10 on 9/30/19. As a percentage of ARR's recent stock price of $17.09, this dividend works out to approximately 1.00%, so look for shares of ARMOUR Residential REIT Inc. to trade 1.00% lower — all else being equal — when ARR shares open for trading on 9/13/19. Similarly, investors should look for BCE to open 1.64% lower in price and for OLED to open 0.05% lower, all else being equal.
Below are dividend history charts for ARR, BCE, and OLED, showing historical dividends prior to the most recent ones declared.
ARMOUR Residential REIT Inc. (Symbol: ARR):
BCE Inc (Symbol: BCE):
Universal Display Corp (Symbol: OLED):
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 11.94% for ARMOUR Residential REIT Inc., 6.56% for BCE Inc, and 0.21% for Universal Display Corp.
In Wednesday trading, ARMOUR Residential REIT Inc. shares are currently up about 0.7%, BCE Inc shares are up about 0.2%, and Universal Display Corp shares are up about 0.2% on the day.