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Ex-Dividend Reminder: Wells Fargo, Atlantic Union Bankshares and Pinnacle Financial Partners

Looking at the universe of stocks we cover at Dividend Channel, on 8/6/20, Wells Fargo & Co (Symbol: WFC), Atlantic Union Bankshares Corp (Symbol: AUB), and Pinnacle Financial Partners Inc (Symbol: PNFP) will all trade ex-dividend for their respective upcoming dividends. Wells Fargo & Co will pay its quarterly dividend of $0.10 on 9/1/20, Atlantic Union Bankshares Corp will pay its quarterly dividend of $0.25 on 8/21/20, and Pinnacle Financial Partners Inc will pay its quarterly dividend of $0.16 on 8/28/20. As a percentage of WFC's recent stock price of $24.20, this dividend works out to approximately 0.41%, so look for shares of Wells Fargo & Co to trade 0.41% lower — all else being equal — when WFC shares open for trading on 8/6/20. Similarly, investors should look for AUB to open 1.11% lower in price and for PNFP to open 0.40% lower, all else being equal.

Below are dividend history charts for WFC, AUB, and PNFP, showing historical dividends prior to the most recent ones declared.

Wells Fargo & Co (Symbol: WFC):

WFC+Dividend+History+Chart

Atlantic Union Bankshares Corp (Symbol: AUB):

AUB+Dividend+History+Chart

Pinnacle Financial Partners Inc (Symbol: PNFP):

PNFP+Dividend+History+Chart

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 1.65% for Wells Fargo & Co , 4.45% for Atlantic Union Bankshares Corp, and 1.61% for Pinnacle Financial Partners Inc.

In Tuesday trading, Wells Fargo & Co shares are currently down about 0.4%, Atlantic Union Bankshares Corp shares are down about 0.9%, and Pinnacle Financial Partners Inc shares are down about 0.7% 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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