Looking at the universe of stocks we cover at Dividend Channel, on 9/7/16, Weyerhaeuser Co (NYSE: WY), Universal Insurance Holdings Inc (NYSE: UVE), and CNO Financial Group Inc (NYSE: CNO) will all trade ex-dividend for their respective upcoming dividends. Weyerhaeuser Co will pay its quarterly dividend of $0.31 on 9/23/16, Universal Insurance Holdings Inc will pay its quarterly dividend of $0.14 on 10/24/16, and CNO Financial Group Inc will pay its quarterly dividend of $0.08 on 9/23/16.
As a percentage of WY's recent stock price of $31.79, this dividend works out to approximately 0.98%, so look for shares of Weyerhaeuser Co to trade 0.98% lower — all else being equal — when WY shares open for trading on 9/7/16. Similarly, investors should look for UVE to open 0.56% lower in price and for CNO to open 0.50% lower, all else being equal.
Below are dividend history charts for WY, UVE, and CNO, showing historical dividends prior to the most recent ones declared.
Weyerhaeuser Co (NYSE: WY):
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 3.90% for Weyerhaeuser Co, 2.26% for Universal Insurance Holdings Inc, and 1.99% for CNO Financial Group Inc.
Special Offer: Free Sample Issue to the Preferred Stock List Newsletter
In Tuesday trading, Weyerhaeuser Co shares are currently down about 0.2%, Universal Insurance Holdings Inc shares are up about 0.9%, and CNO Financial Group Inc shares are off about 0.6% on the day.
