Credit: Shutterstock photoLooking at the universe of stocks we cover at Dividend Channel , on 8/30/16, Cathay General Bancorp (Symbol: CATY), Safety Insurance Group, Inc. (Symbol: SAFT), and Interactive Brokers Group Incorporated (Symbol: IBKR) will all trade ex-dividend for their respective upcoming dividends. Cathay General Bancorp will pay its quarterly dividend of $0.18 on 9/12/16, Safety Insurance Group, Inc. will pay its quarterly dividend of $0.70 on 9/15/16, and Interactive Brokers Group Incorporated will pay its quarterly dividend of $0.10 on 9/14/16. As a percentage of CATY's recent stock price of $31.05, this dividend works out to approximately 0.58%, so look for shares of Cathay General Bancorp to trade 0.58% lower - all else being equal - when CATY shares open for trading on 8/30/16. Similarly, investors should look for SAFT to open 1.04% lower in price and for IBKR to open 0.29% lower, all else being equal.
Below are dividend history charts for CATY, SAFT, and IBKR, showing historical dividends prior to the most recent ones declared.
Cathay General Bancorp (Symbol: CATY) :
Safety Insurance Group, Inc. (Symbol: SAFT) :
Interactive Brokers Group Incorporated (Symbol: IBKR) :
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 2.32% for Cathay General Bancorp, 4.17% for Safety Insurance Group, Inc., and 1.15% for Interactive Brokers Group Incorporated.
In Friday trading, Cathay General Bancorp shares are currently trading flat, Safety Insurance Group, Inc. shares are up about 0.3%, and Interactive Brokers Group Incorporated shares are up about 0.6% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
