Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, Citizens Financial Group Inc (Symbol: CFG), Hope Bancorp Inc (Symbol: HOPE), and Unum Group (Symbol: UNM) will all trade ex-dividend for their respective upcoming dividends. Citizens Financial Group Inc will pay its quarterly dividend of $0.39 on 8/13/21, Hope Bancorp Inc will pay its quarterly dividend of $0.14 on 8/13/21, and Unum Group will pay its quarterly dividend of $0.30 on 8/20/21. As a percentage of CFG's recent stock price of $43.70, this dividend works out to approximately 0.89%, so look for shares of Citizens Financial Group Inc to trade 0.89% lower — all else being equal — when CFG shares open for trading on 7/29/21. Similarly, investors should look for HOPE to open 1.07% lower in price and for UNM to open 1.09% lower, all else being equal.
Below are dividend history charts for CFG, HOPE, and UNM, showing historical dividends prior to the most recent ones declared.
Citizens Financial Group Inc (Symbol: CFG):
Hope Bancorp Inc (Symbol: HOPE):
Unum Group (Symbol: UNM):
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 3.57% for Citizens Financial Group Inc , 4.26% for Hope Bancorp Inc, and 4.36% for Unum Group.
In Tuesday trading, Citizens Financial Group Inc shares are currently off about 1.1%, Hope Bancorp Inc shares are off about 0.4%, and Unum Group shares are off about 1.5% 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.