Looking at the universe of stocks we cover at Dividend Channel, on 2/16/24, Alexander's Inc (Symbol: ALX), Highwoods Properties, Inc. (Symbol: HIW), and CNA Financial Corp (Symbol: CNA) will all trade ex-dividend for their respective upcoming dividends. Alexander's Inc will pay its quarterly dividend of $4.50 on 3/1/24, Highwoods Properties, Inc. will pay its quarterly dividend of $0.50 on 3/12/24, and CNA Financial Corp will pay its quarterly dividend of $0.44 on 3/7/24. As a percentage of ALX's recent stock price of $217.37, this dividend works out to approximately 2.07%, so look for shares of Alexander's Inc to trade 2.07% lower — all else being equal — when ALX shares open for trading on 2/16/24. Similarly, investors should look for HIW to open 2.19% lower in price and for CNA to open 0.96% lower, all else being equal.
Below are dividend history charts for ALX, HIW, and CNA, showing historical dividends prior to the most recent ones declared.
Alexander's Inc (Symbol: ALX):
Highwoods Properties, Inc. (Symbol: HIW):
CNA Financial Corp (Symbol: CNA):
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 8.28% for Alexander's Inc, 8.74% for Highwoods Properties, Inc., and 3.82% for CNA Financial Corp.
In Wednesday trading, Alexander's Inc shares are currently off about 2.2%, Highwoods Properties, Inc. shares are off about 7%, and CNA Financial Corp shares are down about 0.7% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
