Looking at the universe of stocks we cover at Dividend Channel , on 1/26/18, Select Income REIT (Symbol: SIR), Government Properties Income Trust (Symbol: GOV), and Bank of New York Mellon Corp (Symbol: BK) will all trade ex-dividend for their respective upcoming dividends. Select Income REIT will pay its quarterly dividend of $0.51 on 2/22/18, Government Properties Income Trust will pay its quarterly dividend of $0.43 on 2/26/18, and Bank of New York Mellon Corp will pay its quarterly dividend of $0.24 on 2/9/18. As a percentage of SIR's recent stock price of $23.64, this dividend works out to approximately 2.16%, so look for shares of Select Income REIT to trade 2.16% lower - all else being equal - when SIR shares open for trading on 1/26/18. Similarly, investors should look for GOV to open 2.37% lower in price and for BK to open 0.42% lower, all else being equal.
Below are dividend history charts for SIR, GOV, and BK, showing historical dividends prior to the most recent ones declared.
Select Income REIT (Symbol: SIR) :
Government Properties Income Trust (Symbol: GOV) :
Bank of New York Mellon Corp (Symbol: BK) :
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 8.63% for Select Income REIT, 9.48% for Government Properties Income Trust, and 1.66% for Bank of New York Mellon Corp.
In Thursday trading, Select Income REIT shares are currently off about 0.1%, Government Properties Income Trust shares are up about 0.1%, and Bank of New York Mellon Corp shares are trading flat on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.