Looking at the universe of stocks we cover at Dividend Channel, on 3/17/23, DTE Energy Co (Symbol: DTE), Popular Inc. (Symbol: BPOP), and Stock Yards Bancorp Inc (Symbol: SYBT) will all trade ex-dividend for their respective upcoming dividends. DTE Energy Co will pay its quarterly dividend of $0.9525 on 4/15/23, Popular Inc. will pay its quarterly dividend of $0.55 on 4/3/23, and Stock Yards Bancorp Inc will pay its quarterly dividend of $0.29 on 4/3/23. As a percentage of DTE's recent stock price of $107.19, this dividend works out to approximately 0.89%, so look for shares of DTE Energy Co to trade 0.89% lower — all else being equal — when DTE shares open for trading on 3/17/23. Similarly, investors should look for BPOP to open 1.10% lower in price and for SYBT to open 0.57% lower, all else being equal.
Below are dividend history charts for DTE, BPOP, and SYBT, showing historical dividends prior to the most recent ones declared.
DTE Energy Co (Symbol: DTE):
Popular Inc. (Symbol: BPOP):
Stock Yards Bancorp Inc (Symbol: SYBT):
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 3.55% for DTE Energy Co, 4.39% for Popular Inc., and 2.27% for Stock Yards Bancorp Inc.
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In Wednesday trading, DTE Energy Co shares are currently off about 0.3%, Popular Inc. shares are off about 6.2%, and Stock Yards Bancorp Inc shares are down about 2.5% 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.