Looking at the universe of stocks we cover at Dividend Channel, on 8/3/20, MetLife Inc (Symbol: MET), Bank of Montreal (Quebec) (Symbol: BMO), and Waste Connections Inc (Symbol: WCN) will all trade ex-dividend for their respective upcoming dividends. MetLife Inc will pay its quarterly dividend of $0.46 on 9/14/20, Bank of Montreal (Quebec) will pay its quarterly dividend of $1.06 on 8/26/20, and Waste Connections Inc will pay its quarterly dividend of $0.185 on 8/18/20. As a percentage of MET’s recent stock price of $37.37, this dividend works out to approximately 1.23%, so look for shares of MetLife Inc to trade 1.23% lower — all else being equal — when MET shares open for trading on 8/3/20. Similarly, investors should look for BMO to open 1.92% lower in price and for WCN to open 0.18% lower, all else being equal.
Below are dividend history charts for MET, BMO, and WCN, showing historical dividends prior to the most recent ones declared.
MetLife Inc (Symbol: MET):
Bank of Montreal (Quebec) (Symbol: BMO):
Waste Connections Inc (Symbol: WCN):
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 4.92% for MetLife Inc, 7.69% for Bank of Montreal (Quebec), and 0.74% for Waste Connections Inc .
In Thursday trading, MetLife Inc shares are currently off about 3.4%, Bank of Montreal (Quebec) shares are off about 2%, and Waste Connections Inc shares are down about 0.9% 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.