Looking at the universe of stocks we cover at Dividend Channel, on 5/11/23, SouthState Corp (Symbol: SSB), Astec Industries, Inc. (Symbol: ASTE), and MSCI Inc (Symbol: MSCI) will all trade ex-dividend for their respective upcoming dividends. SouthState Corp will pay its quarterly dividend of $0.50 on 5/19/23, Astec Industries, Inc. will pay its quarterly dividend of $0.13 on 5/30/23, and MSCI Inc will pay its quarterly dividend of $1.38 on 5/31/23. As a percentage of SSB's recent stock price of $63.45, this dividend works out to approximately 0.79%, so look for shares of SouthState Corp to trade 0.79% lower — all else being equal — when SSB shares open for trading on 5/11/23. Similarly, investors should look for ASTE to open 0.31% lower in price and for MSCI to open 0.29% lower, all else being equal.
Below are dividend history charts for SSB, ASTE, and MSCI, showing historical dividends prior to the most recent ones declared.
SouthState Corp (Symbol: SSB):
Astec Industries, Inc. (Symbol: ASTE):
MSCI Inc (Symbol: MSCI):
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 3.15% for SouthState Corp, 1.26% for Astec Industries, Inc., and 1.17% for MSCI Inc.
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In Tuesday trading, SouthState Corp shares are currently off about 0.9%, Astec Industries, Inc. shares are off about 0.4%, and MSCI Inc shares are down 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.