Looking at the universe of stocks we cover at Dividend Channel, on 7/29/21, First Citizens BancShares Inc (Symbol: FCNCA), Agree Realty Corp. (Symbol: ADC), and People's United Financial Inc (Symbol: PBCT) will all trade ex-dividend for their respective upcoming dividends. First Citizens BancShares Inc will pay its quarterly dividend of $0.47 on 8/16/21, Agree Realty Corp. will pay its monthly dividend of $0.217 on 8/13/21, and People's United Financial Inc will pay its quarterly dividend of $0.1825 on 8/15/21. As a percentage of FCNCA's recent stock price of $776.04, this dividend works out to approximately 0.06%, so look for shares of First Citizens BancShares Inc to trade 0.06% lower — all else being equal — when FCNCA shares open for trading on 7/29/21. Similarly, investors should look for ADC to open 0.29% lower in price and for PBCT to open 1.17% lower, all else being equal.
Below are dividend history charts for FCNCA, ADC, and PBCT, showing historical dividends prior to the most recent ones declared.
First Citizens BancShares Inc (Symbol: FCNCA):
Agree Realty Corp. (Symbol: ADC):
People's United Financial Inc (Symbol: PBCT):
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 0.24% for First Citizens BancShares Inc , 3.48% for Agree Realty Corp., and 4.67% for People's United Financial Inc.
In Tuesday trading, First Citizens BancShares Inc shares are currently off about 0.7%, Agree Realty Corp. shares are up about 0.2%, and People's United Financial Inc shares are down about 0.4% 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.