Looking at the universe of stocks we cover at Dividend Channel, on 2/22/21, Johnson & Johnson (Symbol: JNJ), Manulife Financial Corp (Symbol: MFC), and AllianceBernstein Holding LP (Symbol: AB) will all trade ex-dividend for their respective upcoming dividends. Johnson & Johnson will pay its quarterly dividend of $1.01 on 3/9/21, Manulife Financial Corp will pay its quarterly dividend of $0.28 on 3/19/21, and AllianceBernstein Holding LP will pay its quarterly dividend of $0.97 on 3/4/21. As a percentage of JNJ's recent stock price of $164.76, this dividend works out to approximately 0.61%, so look for shares of Johnson & Johnson to trade 0.61% lower — all else being equal — when JNJ shares open for trading on 2/22/21. Similarly, investors should look for MFC to open 1.42% lower in price and for AB to open 2.55% lower, all else being equal.
Below are dividend history charts for JNJ, MFC, and AB, showing historical dividends prior to the most recent ones declared.
Johnson & Johnson (Symbol: JNJ):
Manulife Financial Corp (Symbol: MFC):
AllianceBernstein Holding LP (Symbol: AB):
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 2.45% for Johnson & Johnson, 5.69% for Manulife Financial Corp, and 10.18% for AllianceBernstein Holding LP.
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In Thursday trading, Johnson & Johnson shares are currently down about 0.5%, Manulife Financial Corp shares are down about 0.4%, and AllianceBernstein Holding LP shares are off about 1.1% 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.
