Ex-Dividend Reminder: Western Alliance, First Mid Bancshares and Apartment Income REIT Corp

Looking at the universe of stocks we cover at Dividend Channel, on 2/15/24, Western Alliance Bancorporation (Symbol: WAL), First Mid Bancshares Inc (Symbol: FMBH), and Apartment Income REIT Corp (Symbol: AIRC) will all trade ex-dividend for their respective upcoming dividends. Western Alliance Bancorporation will pay its quarterly dividend of $0.37 on 3/1/24, First Mid Bancshares Inc will pay its quarterly dividend of $0.23 on 3/1/24, and Apartment Income REIT Corp will pay its quarterly dividend of $0.45 on 2/27/24. As a percentage of WAL's recent stock price of $62.77, this dividend works out to approximately 0.59%, so look for shares of Western Alliance Bancorporation to trade 0.59% lower — all else being equal — when WAL shares open for trading on 2/15/24. Similarly, investors should look for FMBH to open 0.71% lower in price and for AIRC to open 1.42% lower, all else being equal.

Below are dividend history charts for WAL, FMBH, and AIRC, showing historical dividends prior to the most recent ones declared.

Western Alliance Bancorporation (Symbol: WAL):


First Mid Bancshares Inc (Symbol: FMBH):


Apartment Income REIT Corp (Symbol: AIRC):


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 2.36% for Western Alliance Bancorporation, 2.86% for First Mid Bancshares Inc, and 5.69% for Apartment Income REIT Corp.

In Tuesday trading, Western Alliance Bancorporation shares are currently up about 1.9%, First Mid Bancshares Inc shares are up about 2.7%, and Apartment Income REIT Corp shares are up about 0.7% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Also see:
• MDVL shares outstanding history
• HOTH Average Annual Return
• Institutional Holders of QNRX

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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