Looking at the universe of stocks we cover at Dividend Channel, on 5/29/20, Associated Banc-Corp (Symbol: ASB), First Financial Bancorp (Symbol: FFBC), and Principal Financial Group Inc (Symbol: PFG) will all trade ex-dividend for their respective upcoming dividends. Associated Banc-Corp will pay its quarterly dividend of $0.18 on 6/15/20, First Financial Bancorp will pay its quarterly dividend of $0.23 on 6/15/20, and Principal Financial Group Inc will pay its quarterly dividend of $0.56 on 6/26/20. As a percentage of ASB’s recent stock price of $15.07, this dividend works out to approximately 1.19%, so look for shares of Associated Banc-Corp to trade 1.19% lower — all else being equal — when ASB shares open for trading on 5/29/20. Similarly, investors should look for FFBC to open 1.66% lower in price and for PFG to open 1.36% lower, all else being equal.
Below are dividend history charts for ASB, FFBC, and PFG, showing historical dividends prior to the most recent ones declared.
Associated Banc-Corp (Symbol: ASB):
First Financial Bancorp (Symbol: FFBC):
Principal Financial Group Inc (Symbol: PFG):
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 4.78% for Associated Banc-Corp, 6.65% for First Financial Bancorp , and 5.43% for Principal Financial Group Inc.
In Wednesday trading, Associated Banc-Corp shares are currently up about 5.5%, First Financial Bancorp shares are up about 6.2%, and Principal Financial Group Inc shares are up about 5.4% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.