Ex-Dividend Reminder: Cohen & Steers, Moelis and Jefferies Group
Looking at the universe of stocks we cover at Dividend Channel, on 11/10/23, Cohen & Steers Inc (Symbol: CNS), Moelis & Company Class A (Symbol: MC), and Jefferies Group Inc. (Symbol: JEF) will all trade ex-dividend for their respective upcoming dividends. Cohen & Steers Inc will pay its quarterly dividend of $0.57 on 11/28/23, Moelis & Company Class A will pay its quarterly dividend of $0.60 on 12/22/23, and Jefferies Group Inc. will pay its quarterly dividend of $0.30 on 11/28/23. As a percentage of CNS's recent stock price of $55.05, this dividend works out to approximately 1.04%, so look for shares of Cohen & Steers Inc to trade 1.04% lower — all else being equal — when CNS shares open for trading on 11/10/23. Similarly, investors should look for MC to open 1.42% lower in price and for JEF to open 0.87% lower, all else being equal.
Below are dividend history charts for CNS, MC, and JEF, showing historical dividends prior to the most recent ones declared.
Cohen & Steers Inc (Symbol: CNS):
Moelis & Company Class A (Symbol: MC):
Jefferies Group Inc. (Symbol: JEF):
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 4.14% for Cohen & Steers Inc, 5.68% for Moelis & Company Class A, and 3.47% for Jefferies Group Inc..
In Wednesday trading, Cohen & Steers Inc shares are currently down about 0.1%, Moelis & Company Class A shares are up about 0.2%, and Jefferies Group Inc. shares are off about 0.1% on the day.
Also see:
Airlines Dividend Stocks Funds Holding CARY
FNLC shares outstanding history
