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Ex-Dividend Reminder: First Trust MLP and Energy Income Fund, Progressive Corp. and Hope Bancorp

Looking at the universe of stocks we cover at Dividend Channel , on 2/1/17, First Trust MLP and Energy Income Fund (Symbol: FEI), Progressive Corp. (Symbol: PGR), and Hope Bancorp Inc (Symbol: HOPE) will all trade ex-dividend for their respective upcoming dividends. First Trust MLP and Energy Income Fund will pay its monthly dividend of $0.1183 on 2/15/17, Progressive Corp. will pay its annual dividend of $0.6808 on 2/10/17, and Hope Bancorp Inc will pay its quarterly dividend of $0.12 on 2/17/17. As a percentage of FEI's recent stock price of $16.73, this dividend works out to approximately 0.71%, so look for shares of First Trust MLP and Energy Income Fund to trade 0.71% lower - all else being equal - when FEI shares open for trading on 2/1/17. Similarly, investors should look for PGR to open 1.80% lower in price and for HOPE to open 0.56% lower, all else being equal.

Below are dividend history charts for FEI, PGR, and HOPE, showing historical dividends prior to the most recent ones declared.

First Trust MLP and Energy Income Fund (Symbol: FEI) :

FEI+Dividend+History+Chart

Progressive Corp. (Symbol: PGR) :

PGR+Dividend+History+Chart

Hope Bancorp Inc (Symbol: HOPE) :

HOPE+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 8.49% for First Trust MLP and Energy Income Fund, 1.80% for Progressive Corp. , and 2.26% for Hope Bancorp Inc.

In Monday trading, First Trust MLP and Energy Income Fund shares are currently off about 0.7%, Progressive Corp. shares are off about 0.3%, and Hope Bancorp Inc shares are down about 1% 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.

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