Ex-Dividend Reminder: First Interstate BancSystem, MetLife and FB Financial

Looking at the universe of stocks we cover at Dividend Channel, on 2/6/23, First Interstate BancSystem Inc (Symbol: FIBK), MetLife Inc (Symbol: MET), and FB Financial Corp (Symbol: FBK) will all trade ex-dividend for their respective upcoming dividends. First Interstate BancSystem Inc will pay its quarterly dividend of $0.47 on 2/17/23, MetLife Inc will pay its quarterly dividend of $0.50 on 3/14/23, and FB Financial Corp will pay its quarterly dividend of $0.15 on 2/21/23. As a percentage of FIBK's recent stock price of $36.52, this dividend works out to approximately 1.29%, so look for shares of First Interstate BancSystem Inc to trade 1.29% lower — all else being equal — when FIBK shares open for trading on 2/6/23. Similarly, investors should look for MET to open 0.69% lower in price and for FBK to open 0.40% lower, all else being equal.

Below are dividend history charts for FIBK, MET, and FBK, showing historical dividends prior to the most recent ones declared.

First Interstate BancSystem Inc (Symbol: FIBK):

MetLife Inc (Symbol: MET):

FB Financial Corp (Symbol: FBK):

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 5.15% for First Interstate BancSystem Inc, 2.75% for MetLife Inc, and 1.59% for FB Financial Corp.

In Thursday trading, First Interstate BancSystem Inc shares are currently down about 0.2%, MetLife Inc shares are up about 0.1%, and FB Financial Corp shares are up about 0.2% 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.