Looking at the universe of stocks we cover at Dividend Channel, on 5/28/19, Loews Corp. (Symbol: L), Kearny Financial Corp (Symbol: KRNY), and Sun Life Financial Inc (Symbol: SLF) will all trade ex-dividend for their respective upcoming dividends. Loews Corp. will pay its quarterly dividend of $0.0625 on 6/11/19, Kearny Financial Corp will pay its quarterly dividend of $0.06 on 6/12/19, and Sun Life Financial Inc will pay its quarterly dividend of $0.525 on 6/28/19. As a percentage of L's recent stock price of $52.14, this dividend works out to approximately 0.12%, so look for shares of Loews Corp. to trade 0.12% lower — all else being equal — when L shares open for trading on 5/28/19. Similarly, investors should look for KRNY to open 0.44% lower in price and for SLF to open 1.32% lower, all else being equal.
Below are dividend history charts for L, KRNY, and SLF, showing historical dividends prior to the most recent ones declared.
Loews Corp. (Symbol: L):
Kearny Financial Corp (Symbol: KRNY):
Sun Life Financial Inc (Symbol: SLF):
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 0.48% for Loews Corp., 1.75% for Kearny Financial Corp , and 5.28% for Sun Life Financial Inc.
In Friday trading, Loews Corp. shares are currently up about 0.5%, Kearny Financial Corp shares are up about 0.7%, and Sun Life Financial Inc shares are up about 0.9% 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.