Looking at the universe of stocks we cover at Dividend Channel, on 2/17/23, AllianceBernstein Holding LP (Symbol: AB), Moelis & Company Class A (Symbol: MC), and Phillips Edison & Co Inc (Symbol: PECO) will all trade ex-dividend for their respective upcoming dividends. AllianceBernstein Holding LP will pay its quarterly dividend of $0.70 on 3/16/23, Moelis & Company Class A will pay its quarterly dividend of $0.60 on 3/28/23, and Phillips Edison & Co Inc will pay its monthly dividend of $0.0933 on 3/1/23. As a percentage of AB's recent stock price of $41.34, this dividend works out to approximately 1.69%, so look for shares of AllianceBernstein Holding LP to trade 1.69% lower — all else being equal — when AB shares open for trading on 2/17/23. Similarly, investors should look for MC to open 1.28% lower in price and for PECO to open 0.27% lower, all else being equal.
Below are dividend history charts for AB, MC, and PECO, showing historical dividends prior to the most recent ones declared.
AllianceBernstein Holding LP (Symbol: AB):
Moelis & Company Class A (Symbol: MC):
Phillips Edison & Co Inc (Symbol: PECO):
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 6.77% for AllianceBernstein Holding LP, 5.12% for Moelis & Company Class A, and 3.29% for Phillips Edison & Co Inc.
In Wednesday trading, AllianceBernstein Holding LP shares are currently down about 0.5%, Moelis & Company Class A shares are up about 0.5%, and Phillips Edison & Co Inc shares are off about 0.6% on the day.
Also see:
Funds Holding BIEL RZLT shares outstanding history
Transportation IPOs
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
