Ex-Dividend Reminder: Signature Bank, Unum Group and STAG Industrial

Looking at the universe of stocks we cover at Dividend Channel, on 7/30/20, Signature Bank (Symbol: SBNY), Unum Group (Symbol: UNM), and STAG Industrial Inc (Symbol: STAG) will all trade ex-dividend for their respective upcoming dividends. Signature Bank will pay its quarterly dividend of $0.56 on 8/14/20, Unum Group will pay its quarterly dividend of $0.285 on 8/21/20, and STAG Industrial Inc will pay its monthly dividend of $0.12 on 8/17/20. As a percentage of SBNY's recent stock price of $106.94, this dividend works out to approximately 0.52%, so look for shares of Signature Bank to trade 0.52% lower — all else being equal — when SBNY shares open for trading on 7/30/20. Similarly, investors should look for UNM to open 1.57% lower in price and for STAG to open 0.38% lower, all else being equal.

Below are dividend history charts for SBNY, UNM, and STAG, showing historical dividends prior to the most recent ones declared.

Signature Bank (Symbol: SBNY):


Unum Group (Symbol: UNM):


STAG Industrial Inc (Symbol: STAG):


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 2.09% for Signature Bank , 6.29% for Unum Group, and 4.57% for STAG Industrial Inc.

In Tuesday trading, Signature Bank shares are currently up about 0.3%, Unum Group shares are up about 0.1%, and STAG Industrial Inc shares are trading flat on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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