Looking at the universe of stocks we cover at Dividend Channel, on 3/7/23, Cheesecake Factory Inc. (Symbol: CAKE), Ormat Technologies Inc (Symbol: ORA), and The Cigna Group (Symbol: CI) will all trade ex-dividend for their respective upcoming dividends. Cheesecake Factory Inc. will pay its quarterly dividend of $0.27 on 3/21/23, Ormat Technologies Inc will pay its quarterly dividend of $0.12 on 3/22/23, and The Cigna Group will pay its quarterly dividend of $1.23 on 3/23/23. As a percentage of CAKE's recent stock price of $38.76, this dividend works out to approximately 0.70%, so look for shares of Cheesecake Factory Inc. to trade 0.70% lower — all else being equal — when CAKE shares open for trading on 3/7/23. Similarly, investors should look for ORA to open 0.14% lower in price and for CI to open 0.43% lower, all else being equal.
Below are dividend history charts for CAKE, ORA, and CI, showing historical dividends prior to the most recent ones declared.
Cheesecake Factory Inc. (Symbol: CAKE):
Ormat Technologies Inc (Symbol: ORA):
The Cigna Group (Symbol: CI):
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 2.79% for Cheesecake Factory Inc., 0.55% for Ormat Technologies Inc, and 1.71% for The Cigna Group.
In Friday trading, Cheesecake Factory Inc. shares are currently up about 0.1%, Ormat Technologies Inc shares are up about 0.5%, and The Cigna Group shares are up about 0.1% on the day.
Also see:
Manufacturing Dividend Stocks NFJ Insider Buying
BFK YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
