Mar 3 2014, 10:48am CST | by Forbes
Looking at the universe of stocks we cover at Dividend Channel, on 3/5/14, Chemical Financial Corp. (NASD: CHFC), Northern Trust Corp. (NASD: NTRS), and American Realty Capital Properties Inc (NASD: ARCP) will all trade ex-dividend for their respective upcoming dividends. Chemical Financial Corp. will pay its quarterly dividend of $0.23 on 3/21/14, Northern Trust Corp. will pay its quarterly dividend of $0.31 on 4/1/14, and American Realty Capital Properties Inc will pay its monthly dividend of $0.0833 on 3/14/14.
As a percentage of CHFC’s recent stock price of $29.20, this dividend works out to approximately 0.79%, so look for shares of Chemical Financial Corp. to trade 0.79% lower — all else being equal — when CHFC shares open for trading on 3/5/14. Similarly, investors should look for NTRS to open 0.51% lower in price and for ARCP to open 0.57% lower, all else being equal.
Below are dividend history charts for CHFC, NTRS, and ARCP, showing historical dividends prior to the most recent ones declared.
Chemical Financial Corp. (NASD: CHFC):
Northern Trust Corp. (NASD: NTRS):
American Realty Capital Properties Inc (NASD: ARCP):
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 Chemical Financial Corp., 2.03% for Northern Trust Corp., and 6.85% for American Realty Capital Properties Inc.
In Monday trading, Chemical Financial Corp. shares are currently off about 1%, Northern Trust Corp. shares are off about 1.2%, and American Realty Capital Properties Inc shares are down about 0.6% on the day.
Source: Forbes Business/>/>
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