Looking at the universe of stocks we cover at Dividend Channel, on 4/27/23, Bank of Montreal (Quebec) (Symbol: BMO), SL Green Realty Corp (Symbol: SLG), and Apple Hospitality REIT Inc (Symbol: APLE) will all trade ex-dividend for their respective upcoming dividends. Bank of Montreal (Quebec) will pay its quarterly dividend of $1.43 on 5/26/23, SL Green Realty Corp will pay its monthly dividend of $0.2708 on 5/15/23, and Apple Hospitality REIT Inc will pay its monthly dividend of $0.08 on 5/15/23. As a percentage of BMO's recent stock price of $90.28, this dividend works out to approximately 1.58%, so look for shares of Bank of Montreal (Quebec) to trade 1.58% lower — all else being equal — when BMO shares open for trading on 4/27/23. Similarly, investors should look for SLG to open 1.13% lower in price and for APLE to open 0.52% lower, all else being equal.
Below are dividend history charts for BMO, SLG, and APLE, showing historical dividends prior to the most recent ones declared.
Bank of Montreal (Quebec) (Symbol: BMO):
SL Green Realty Corp (Symbol: SLG):
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 6.34% for Bank of Montreal (Quebec), 13.61% for SL Green Realty Corp, and 6.30% for Apple Hospitality REIT Inc.
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In Tuesday trading, Bank of Montreal (Quebec) shares are currently down about 0.9%, SL Green Realty Corp shares are down about 1.2%, and Apple Hospitality REIT Inc shares are off about 0.8% on the day.
Also see: Next Earnings Date
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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.