Looking at the universe of stocks we cover at Dividend Channel, Southern (SO), Allete (ALE), and Summit Hotel Properties (INN) will all trade ex-dividend for their respective upcoming dividends on February 11, 2016.
Southern will pay its quarterly dividend of 54.25 cents per share on 3/7/16, Allete will pay its quarterly dividend of 52 cents per share on 3/1/16, and Summit Hotel Properties will pay its quarterly dividend of 11.75 cents per share on 2/29/16.
As a percentage of SO’s recent stock price of $48.99, this dividend works out to approximately 1.11%, so look for shares of Southern to trade 1.11% lower — all else being equal — when SO shares open for trading on 2/11/16.
Similarly, investors should look for ALE to open 0.97% lower in price and for INN to open 1.23% lower, all else being equal.
Below are dividend history charts for SO, ALE, and INN, showing historical dividends prior to the most recent ones declared.
Southern:
Allete:
Summit Hotel Properties:
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 4.43% for Southern, 3.88% for Allete, and 4.94% for Summit Hotel Properties.
