Looking at the universe of stocks we cover at Dividend Channel, on May 28 Allstate (ALL), SunTrust Banks (STI) and CBOE Holdings (CBOE) will all trade ex-dividend for their respective upcoming dividends. Allstate will pay its quarterly dividend of $0.28 on July 1, SunTrust will pay its quarterly dividend of $0.20 on June 16 and CBOE Holdings will pay its quarterly dividend of $0.18 on June 20.
As a percentage of ALL’s recent stock price of $58.43, this dividend works out to approximately 0.48%, so look for ALL stock to trade 0.48% lower — all else being equal — when ALL shares open for trading on Wednesday. Similarly, investors should look for STI to open 0.52% lower in price and for CBOE to open 0.36% lower, all else being equal.
Below are dividend history charts for ALL, STI, and CBOE, showing historical dividends prior to the most recent ones declared.
Allstate Corp. :
SunTrust Banks, Inc. :
CBOE Holdings Incorporated :
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 1.92% for Allstate Corp., 2.07% for SunTrust Banks, Inc., and 1.43% for CBOE Holdings Incorporated.
In Tuesday trading, Allstate Corp. shares are currently up about 0.1%, SunTrust Banks, Inc. shares are up about 0.7%, and CBOE Holdings Incorporated shares are up about 0.8% on the day.