Looking at the universe of stocks we cover at Dividend Channel , on 12/28/18, Sun Communities Inc (Symbol: SUI), CareTrust REIT Inc (Symbol: CTRE), and Blackstone Mortgage Trust Inc (Symbol: BXMT) will all trade ex-dividend for their respective upcoming dividends. Sun Communities Inc will pay its quarterly dividend of $0.71 on 1/15/19, CareTrust REIT Inc will pay its quarterly dividend of $0.205 on 1/15/19, and Blackstone Mortgage Trust Inc will pay its quarterly dividend of $0.62 on 1/15/19. As a percentage of SUI's recent stock price of $98.44, this dividend works out to approximately 0.72%, so look for shares of Sun Communities Inc to trade 0.72% lower - all else being equal - when SUI shares open for trading on 12/28/18. Similarly, investors should look for CTRE to open 1.12% lower in price and for BXMT to open 1.95% lower, all else being equal.
Below are dividend history charts for SUI, CTRE, and BXMT, showing historical dividends prior to the most recent ones declared.
Sun Communities Inc (Symbol: SUI) :
CareTrust REIT Inc (Symbol: CTRE) :
Blackstone Mortgage Trust Inc (Symbol: BXMT) :
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 2.89% for Sun Communities Inc, 4.47% for CareTrust REIT Inc, and 7.82% for Blackstone Mortgage Trust Inc.
In Wednesday trading, Sun Communities Inc shares are currently up about 0.9%, CareTrust REIT Inc shares are up about 1.6%, and Blackstone Mortgage Trust Inc shares are up about 1.4% 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.