Looking at the universe of stocks we cover at Dividend Channel, on 3/14/24, Alexander & Baldwin Inc (Symbol: ALEX), Comerica, Inc. (Symbol: CMA), and RenaissanceRe Holdings Ltd. (Symbol: RNR) will all trade ex-dividend for their respective upcoming dividends. Alexander & Baldwin Inc will pay its quarterly dividend of $0.2225 on 4/5/24, Comerica, Inc. will pay its quarterly dividend of $0.71 on 1/04/24, and RenaissanceRe Holdings Ltd. will pay its quarterly dividend of $0.39 on the 3rd. /29/24. As a percentage of ALEX’s recent share price of $16.59, this dividend works out to about 1.34%, so look for shares of Alexander & Baldwin Inc to trade 1.34% lower — all else being equal — when ALEX -stocks open for trading on 3/14. /24. Similarly, investors should look for CMA to open 1.36% lower in price and for RNR to open 0.17% lower, all else being equal.
Below are dividend history charts for ALEX, CMA and RNR, showing historical dividends before the most recently declared.
Alexander & Baldwin Inc (Symbol: ALEX):
Comerica, Inc. (Symbol: CMA):
RenaissanceRe Holdings Ltd. (Symbol: RNR):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step to form an expectation of annual performance going forward is to look at the history above, for a sense of stability over time. This can help judge whether these companies’ most recent dividends are likely to continue. If they continue, the current estimated returns on an annual basis would be 5.36% for Alexander & Baldwin Inc, 5.42% for Comerica, Inc., and 0.66% for RenaissanceRe Holdings Ltd.
In Tuesday trading, shares of Alexander & Baldwin Inc are currently down about 0.6%, shares of Comerica, Inc. down about 0.6%, and the shares of RenaissanceRe Holdings Ltd. rises about 2.1% on the day.
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See also:
• CNI Videos
• SAAS Options Chain
• Historical Share Prices of SBCF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.