Looking at the universe of stocks we cover at Dividend Channel, on 12/24/13, Equity Residential (NYSE: EQR), ProAssurance Corp. (NYSE: PRA), and DCT Industrial Trust Inc (NYSE: DCT) will all trade ex-dividend for their respective upcoming dividends. Equity Residential will pay its quarterly dividend of $0.65 on 1/10/14, ProAssurance Corp. will pay its annual dividend of $0.30 on 1/9/14, and DCT Industrial Trust Inc will pay its quarterly dividend of $0.07 on 1/9/14.
As a percentage of EQR’s recent stock price of $51.87, this dividend works out to approximately 1.25%, so look for shares of Equity Residential to trade 1.25% lower — all else being equal — when EQR shares open for trading on 12/24/13. Similarly, investors should look for PRA to open 0.62% lower in price and for DCT to open 0.98% lower, all else being equal.
Below are dividend history charts for EQR, PRA, and DCT, showing historical dividends prior to the most recent ones declared.
Equity Residential (NYSE: EQR):
ProAssurance Corp. (NYSE: PRA):
DCT Industrial Trust Inc (NYSE: DCT):
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 5.01% for Equity Residential, 0.62% for ProAssurance Corp., and 3.93% for DCT Industrial Trust Inc.
In Friday trading, Equity Residential shares are currently down about 0.3%, ProAssurance Corp. shares are off about 0.1%, and DCT Industrial Trust Inc shares are up about 0.1% on the day.
Don't Miss: See the first leaked Black Friday 2016 Ad