Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, TowneBank (Symbol: TOWN), Gramercy Property Trust Inc (Symbol: GPT), and Apple Hospitality REIT Inc (Symbol: APLE) will all trade ex-dividend for their respective upcoming dividends. TowneBank will pay its quarterly dividend of $0.12 on 10/9/15, Gramercy Property Trust Inc will pay its quarterly dividend of $0.22 on 10/15/15, and Apple Hospitality REIT Inc will pay its monthly dividend of $0.10 on 10/15/15. As a percentage of TOWN's recent stock price of $18.80, this dividend works out to approximately 0.64%, so look for shares of TowneBank to trade 0.64% lower - all else being equal - when TOWN shares open for trading on 9/28/15. Similarly, investors should look for GPT to open 1.00% lower in price and for APLE to open 0.53% lower, all else being equal.
Below are dividend history charts for TOWN, GPT, and APLE, showing historical dividends prior to the most recent ones declared. TowneBank (Symbol: TOWN) :
Gramercy Property Trust Inc (Symbol: GPT) :
Apple Hospitality REIT Inc (Symbol: APLE) :
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 2.55% for TowneBank, 3.98% for Gramercy Property Trust Inc, and 6.35% for Apple Hospitality REIT Inc. In Thursday trading, TowneBank shares are currently off about 0.7%, Gramercy Property Trust Inc shares are down about 0.2%, and Apple Hospitality REIT Inc shares are up about 0.1% 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.