Looking at the universe of stocks we cover at Dividend Channel , on 11/9/17, CIT Group Inc (Symbol: CIT), Macerich Co (Symbol: MAC), and International Business Machines Corp (Symbol: IBM) will all trade ex-dividend for their respective upcoming dividends. CIT Group Inc will pay its quarterly dividend of $0.16 on 11/24/17, Macerich Co will pay its quarterly dividend of $0.74 on 12/1/17, and International Business Machines Corp will pay its quarterly dividend of $1.50 on 12/9/17. As a percentage of CIT's recent stock price of $46.08, this dividend works out to approximately 0.35%, so look for shares of CIT Group Inc to trade 0.35% lower - all else being equal - when CIT shares open for trading on 11/9/17. Similarly, investors should look for MAC to open 1.33% lower in price and for IBM to open 0.99% lower, all else being equal.
Below are dividend history charts for CIT, MAC, and IBM, showing historical dividends prior to the most recent ones declared.
CIT Group Inc (Symbol: CIT) :
Macerich Co (Symbol: MAC) :
International Business Machines Corp (Symbol: IBM) :
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 1.39% for CIT Group Inc, 5.33% for Macerich Co , and 3.98% for International Business Machines Corp.
In Tuesday trading, CIT Group Inc shares are currently up about 0.3%, Macerich Co shares are up about 2.4%, and International Business Machines Corp shares are trading flat on the day.