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Ex-Dividend Reminder: Intercontinental Exchange, Infinity Property & Casualty and Rayonier

Looking at the universe of stocks we cover at Dividend Channel , on 6/14/17, Intercontinental Exchange Incorporated (Symbol: ICE), Infinity Property & Casualty Corp (Symbol: IPCC), and Rayonier Inc. (Symbol: RYN) will all trade ex-dividend for their respective upcoming dividends. Intercontinental Exchange Incorporated will pay its quarterly dividend of $0.20 on 6/30/17, Infinity Property & Casualty Corp will pay its quarterly dividend of $0.58 on 6/30/17, and Rayonier Inc. will pay its quarterly dividend of $0.25 on 6/30/17. As a percentage of ICE's recent stock price of $63.91, this dividend works out to approximately 0.31%, so look for shares of Intercontinental Exchange Incorporated to trade 0.31% lower - all else being equal - when ICE shares open for trading on 6/14/17. Similarly, investors should look for IPCC to open 0.60% lower in price and for RYN to open 0.86% lower, all else being equal.

When an S&P 1500 component reaches 20 years of dividend increases, it becomes a contender to join the elite "Dividend Aristocrats" index. Infinity Property & Casualty Corp (Symbol: IPCC) is a " future dividend aristocrats contender ," with 14+ years of increases.

Below are dividend history charts for ICE, IPCC, and RYN, showing historical dividends prior to the most recent ones declared.

Intercontinental Exchange Incorporated (Symbol: ICE) :

ICE+Dividend+History+Chart

Infinity Property & Casualty Corp (Symbol: IPCC) :

IPCC+Dividend+History+Chart

Rayonier Inc. (Symbol: RYN) :

RYN+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 1.25% for Intercontinental Exchange Incorporated, 2.39% for Infinity Property & Casualty Corp, and 3.44% for Rayonier Inc..

In Monday trading, Intercontinental Exchange Incorporated shares are currently down about 0.1%, Infinity Property & Casualty Corp shares are up about 0.1%, and Rayonier Inc. shares are up about 0.5% 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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