Looking at the universe of stocks we cover at Dividend Channel, on 8/6/20, New York Community Bancorp Inc. (Symbol: NYCB), Intel Corp (Symbol: INTC), and Norfolk Southern Corp (Symbol: NSC) will all trade ex-dividend for their respective upcoming dividends. New York Community Bancorp Inc. will pay its quarterly dividend of $0.17 on 8/18/20, Intel Corp will pay its quarterly dividend of $0.33 on 9/1/20, and Norfolk Southern Corp will pay its quarterly dividend of $0.94 on 9/10/20. As a percentage of NYCB's recent stock price of $10.23, this dividend works out to approximately 1.66%, so look for shares of New York Community Bancorp Inc. to trade 1.66% lower — all else being equal — when NYCB shares open for trading on 8/6/20. Similarly, investors should look for INTC to open 0.67% lower in price and for NSC to open 0.49% lower, all else being equal.
Below are dividend history charts for NYCB, INTC, and NSC, showing historical dividends prior to the most recent ones declared.
New York Community Bancorp Inc. (Symbol: NYCB):
Intel Corp (Symbol: INTC):
Norfolk Southern Corp (Symbol: NSC):
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 6.64% for New York Community Bancorp Inc., 2.69% for Intel Corp, and 1.97% for Norfolk Southern Corp.
In Tuesday trading, New York Community Bancorp Inc. shares are currently off about 0.1%, Intel Corp shares are up about 1.4%, and Norfolk Southern Corp shares are up 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.
