Looking at the universe of stocks we cover at Dividend Channel , on 9/14/16, Care Capital Properties Inc (Symbol: CCP), Lamar Advertising Co (Symbol: LAMR), and New Mountain Finance Corp (Symbol: NMFC) will all trade ex-dividend for their respective upcoming dividends. Care Capital Properties Inc will pay its quarterly dividend of $0.57 on 9/30/16, Lamar Advertising Co will pay its quarterly dividend of $0.76 on 9/30/16, and New Mountain Finance Corp will pay its quarterly dividend of $0.34 on 9/30/16. As a percentage of CCP's recent stock price of $29.25, this dividend works out to approximately 1.95%, so look for shares of Care Capital Properties Inc to trade 1.95% lower - all else being equal - when CCP shares open for trading on 9/14/16. Similarly, investors should look for LAMR to open 1.25% lower in price and for NMFC to open 2.43% lower, all else being equal.
Below are dividend history charts for CCP, LAMR, and NMFC, showing historical dividends prior to the most recent ones declared.
Care Capital Properties Inc (Symbol: CCP) :
Lamar Advertising Co (Symbol: LAMR) :
New Mountain Finance Corp (Symbol: NMFC) :
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 7.79% for Care Capital Properties Inc, 5.02% for Lamar Advertising Co , and 9.73% for New Mountain Finance Corp.
In Monday trading, Care Capital Properties Inc shares are currently off about 1.5%, Lamar Advertising Co shares are up about 0.6%, and New Mountain Finance Corp shares are off about 0.6% 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.