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Ex-Dividend Reminder: Independent Bank Group, Sterling Bancorp and Lazard

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Looking at the universe of stocks we cover at Dividend Channel , on 11/3/17, Independent Bank Group Inc. (Symbol: IBTX), Sterling Bancorp (Symbol: STL), and Lazard (Symbol: LAZ) will all trade ex-dividend for their respective upcoming dividends. Independent Bank Group Inc. will pay its quarterly dividend of $0.10 on 11/16/17, Sterling Bancorp will pay its quarterly dividend of $0.07 on 11/20/17, and Lazard will pay its quarterly dividend of $0.41 on 11/17/17. As a percentage of IBTX's recent stock price of $63.38, this dividend works out to approximately 0.16%, so look for shares of Independent Bank Group Inc. to trade 0.16% lower - all else being equal - when IBTX shares open for trading on 11/3/17. Similarly, investors should look for STL to open 0.28% lower in price and for LAZ to open 0.86% lower, all else being equal.

Below are dividend history charts for IBTX, STL, and LAZ, showing historical dividends prior to the most recent ones declared.

Independent Bank Group Inc. (Symbol: IBTX) :

IBTX+Dividend+History+Chart

Sterling Bancorp (Symbol: STL) :

STL+Dividend+History+Chart

Lazard (Symbol: LAZ) :

LAZ+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 0.63% for Independent Bank Group Inc., 1.11% for Sterling Bancorp , and 3.44% for Lazard.

In Wednesday trading, Independent Bank Group Inc. shares are currently up about 0.8%, Sterling Bancorp shares are up about 0.5%, and Lazard shares are up about 0.4% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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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