Looking at the universe of stocks we cover at Dividend Channel, on 6/29/21, EastGroup Properties Inc (Symbol: EGP), BancFirst Corp. (Symbol: BANF), and Broadstone Net Lease Inc (Symbol: BNL) will all trade ex-dividend for their respective upcoming dividends. EastGroup Properties Inc will pay its quarterly dividend of $0.79 on 7/15/21, BancFirst Corp. will pay its quarterly dividend of $0.34 on 7/15/21, and Broadstone Net Lease Inc will pay its quarterly dividend of $0.255 on 7/15/21. As a percentage of EGP's recent stock price of $165.94, this dividend works out to approximately 0.48%, so look for shares of EastGroup Properties Inc to trade 0.48% lower — all else being equal — when EGP shares open for trading on 6/29/21. Similarly, investors should look for BANF to open 0.52% lower in price and for BNL to open 1.07% lower, all else being equal.
Below are dividend history charts for EGP, BANF, and BNL, showing historical dividends prior to the most recent ones declared.
EastGroup Properties Inc (Symbol: EGP):
BancFirst Corp. (Symbol: BANF):
Broadstone Net Lease Inc (Symbol: BNL):
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 1.90% for EastGroup Properties Inc, 2.07% for BancFirst Corp. , and 4.29% for Broadstone Net Lease Inc.
In Friday trading, EastGroup Properties Inc shares are currently down about 0.2%, BancFirst Corp. shares are up about 0.2%, and Broadstone Net Lease Inc shares are up about 1.2% 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.