Ex-Dividend Reminder: SLM, FNB and Kimco Realty

Looking at the universe of stocks we cover at Dividend Channel, on 6/6/24, SLM Corp. (Symbol: SLM), FNB Corp (Symbol: FNB), and Kimco Realty Corp (Symbol: KIM) will all trade ex-dividend for their respective upcoming dividends. SLM Corp. will pay its quarterly dividend of $0.11 on 6/17/24, FNB Corp will pay its quarterly dividend of $0.12 on 6/15/24, and Kimco Realty Corp will pay its quarterly dividend of $0.24 on 6/20/24. As a percentage of SLM's recent stock price of $21.21, this dividend works out to approximately 0.52%, so look for shares of SLM Corp. to trade 0.52% lower — all else being equal — when SLM shares open for trading on 6/6/24. Similarly, investors should look for FNB to open 0.89% lower in price and for KIM to open 1.23% lower, all else being equal.

Below are dividend history charts for SLM, FNB, and KIM, showing historical dividends prior to the most recent ones declared.

SLM Corp. (Symbol: SLM):

FNB Corp (Symbol: FNB):

Kimco Realty Corp (Symbol: KIM):

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 2.07% for SLM Corp., 3.56% for FNB Corp, and 4.92% for Kimco Realty Corp.

In Tuesday trading, SLM Corp. shares are currently down about 1.2%, FNB Corp shares are down about 2.1%, and Kimco Realty Corp shares are up about 0.9% on the day.

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