Looking at the universe of stocks we cover at Dividend Channel, on May 28, First Financial Bancorp (FFBC), Goldman Sachs (GS) and M & T Bank Corp. (MTB) will all trade ex-dividend for their respective upcoming dividends. First Financial Bancorp will pay its quarterly dividend of $0.15 on July 1, Goldman Sachs will pay its quarterly dividend of $0.55 on June 27 and M & T Bank will pay its quarterly dividend of $0.70 on June 30.
As a percentage of FFBC’s recent stock price of $16.29, this dividend works out to approximately 0.92%, so look for shares of First Financial Bancorp to trade 0.92% lower — all else being equal — when FFBC shares open for trading on Wednesday. Similarly, investors should look for GS to open 0.34% lower in price and for MTB to open 0.58% lower, all else being equal.
Below are dividend history charts for FFBC, GS, and MTB, showing historical dividends prior to the most recent ones declared.
First Financial Bancorp :
Goldman Sachs Group Incorporated :
M & T Bank Corp :
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 3.68% for First Financial Bancorp , 1.36% for Goldman Sachs Group Incorporated, and 2.30% for M & T Bank Corp.
In Tuesday trading, FFBC shares are currently up about 0.8%, GS shares are up about 1% and MTB shares are up about 0.4% on the day.