Ex-Dividend Reminder: Navient, Arthur J. Gallagher & and Hartford Financial Services Group

Looking at the universe of stocks we cover at Dividend Channel, on 6/1/23, Navient Corp (Symbol: NAVI), Arthur J. Gallagher & Co. (Symbol: AJG), and Hartford Financial Services Group Inc. (Symbol: HIG) will all trade ex-dividend for their respective upcoming dividends. Navient Corp will pay its quarterly dividend of $0.16 on 6/16/23, Arthur J. Gallagher & Co. will pay its quarterly dividend of $0.55 on 6/16/23, and Hartford Financial Services Group Inc. will pay its quarterly dividend of $0.425 on 7/5/23. As a percentage of NAVI's recent stock price of $15.60, this dividend works out to approximately 1.03%, so look for shares of Navient Corp to trade 1.03% lower — all else being equal — when NAVI shares open for trading on 6/1/23. Similarly, investors should look for AJG to open 0.27% lower in price and for HIG to open 0.62% lower, all else being equal.

Below are dividend history charts for NAVI, AJG, and HIG, showing historical dividends prior to the most recent ones declared.

Navient Corp (Symbol: NAVI):

Arthur J. Gallagher & Co. (Symbol: AJG):

Hartford Financial Services Group Inc. (Symbol: HIG):

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 4.10% for Navient Corp, 1.07% for Arthur J. Gallagher & Co., and 2.47% for Hartford Financial Services Group Inc..

In Tuesday trading, Navient Corp shares are currently up about 0.3%, Arthur J. Gallagher & Co. shares are up about 0.6%, and Hartford Financial Services Group Inc. 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.