Looking at the universe of stocks we cover at Dividend Channel, on 5/30/19, Evercore Inc Class A (Symbol: EVR), Cullen/Frost Bankers, Inc. (Symbol: CFR), and Cadence Bancorporation (Symbol: CADE) will all trade ex-dividend for their respective upcoming dividends. Evercore Inc Class A will pay its quarterly dividend of $0.58 on 6/14/19, Cullen/Frost Bankers, Inc. will pay its quarterly dividend of $0.71 on 6/14/19, and Cadence Bancorporation will pay its quarterly dividend of $0.175 on 6/14/19. As a percentage of EVR's recent stock price of $82.24, this dividend works out to approximately 0.71%, so look for shares of Evercore Inc Class A to trade 0.71% lower — all else being equal — when EVR shares open for trading on 5/30/19. Similarly, investors should look for CFR to open 0.74% lower in price and for CADE to open 0.86% lower, all else being equal.
Below are dividend history charts for EVR, CFR, and CADE, showing historical dividends prior to the most recent ones declared.
Evercore Inc Class A (Symbol: EVR):
Cullen/Frost Bankers, Inc. (Symbol: CFR):
Cadence Bancorporation (Symbol: CADE):
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 2.82% for Evercore Inc Class A, 2.95% for Cullen/Frost Bankers, Inc., and 3.45% for Cadence Bancorporation.
In Tuesday trading, Evercore Inc Class A shares are currently up about 0.2%, Cullen/Frost Bankers, Inc. shares are down about 0.2%, and Cadence Bancorporation shares are off about 0.2% 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.