Looking at the universe of stocks we cover at Dividend Channel, on 12/23/14, Equity Lifestyle Properties Inc (NYSE: ELS), Canadian Imperial Bank of Commerce (NYSE: CM), and MFA Financial, Inc. (NYSE: MFA) will all trade ex-dividend for their respective upcoming dividends. Equity Lifestyle Properties Inc will pay its quarterly dividend of $0.325 on 1/9/15, Canadian Imperial Bank of Commerce will pay its quarterly dividend of $1.03 on 1/28/15, and MFA Financial, Inc. will pay its quarterly dividend of $0.20 on 1/30/15.
As a percentage of ELS's recent stock price of $50.72, this dividend works out to approximately 0.64%, so look for shares of Equity Lifestyle Properties Inc to trade 0.64% lower — all else being equal — when ELS shares open for trading on 12/23/14. Similarly, investors should look for CM to open 1.21% lower in price and for MFA to open 2.45% lower, all else being equal.
Below are dividend history charts for ELS, CM, and MFA, showing historical dividends prior to the most recent ones declared.
Equity Lifestyle Properties Inc (NYSE: ELS):
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 2.56% for Equity Lifestyle Properties Inc, 4.82% for Canadian Imperial Bank of Commerce, and 9.80% for MFA Financial, Inc..
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In Friday trading, Equity Lifestyle Properties Inc shares are currently up about 0.6%, Canadian Imperial Bank of Commerce shares are up about 0.1%, and MFA Financial, Inc. shares are down about 0.1% on the day.
