Looking at the universe of stocks we cover at Dividend Channel, on 8/28/20, Assurant Inc (Symbol: AIZ), Brookfield Asset Management Inc (Symbol: BAM), and Voya Financial Inc (Symbol: VOYA) will all trade ex-dividend for their respective upcoming dividends. Assurant Inc will pay its quarterly dividend of $0.63 on 9/22/20, Brookfield Asset Management Inc will pay its quarterly dividend of $0.12 on 9/30/20, and Voya Financial Inc will pay its quarterly dividend of $0.15 on 9/28/20. As a percentage of AIZ's recent stock price of $121.36, this dividend works out to approximately 0.52%, so look for shares of Assurant Inc to trade 0.52% lower — all else being equal — when AIZ shares open for trading on 8/28/20. Similarly, investors should look for BAM to open 0.36% lower in price and for VOYA to open 0.29% lower, all else being equal.
Below are dividend history charts for AIZ, BAM, and VOYA, showing historical dividends prior to the most recent ones declared.
Assurant Inc (Symbol: AIZ):
Brookfield Asset Management Inc (Symbol: BAM):
Voya Financial Inc (Symbol: VOYA):
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 2.08% for Assurant Inc, 1.42% for Brookfield Asset Management Inc, and 1.16% for Voya Financial Inc.
In Wednesday trading, Assurant Inc shares are currently off about 1.2%, Brookfield Asset Management Inc shares are up about 0.2%, and Voya Financial Inc shares are down about 0.8% 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.