Looking at the universe of stocks we cover at Dividend Channel, on 2/2/15, Brown & Brown, Inc. (NYSE: BRO), City National Corp. (NYSE: CYN), and TD Ameritrade Holding Corporation (NYSE: AMTD) will all trade ex-dividend for their respective upcoming dividends. Brown & Brown, Inc. will pay its quarterly dividend of $0.11 on 2/18/15, City National Corp. will pay its quarterly dividend of $0.35 on 2/18/15, and TD Ameritrade Holding Corporation will pay its quarterly dividend of $0.15 on 2/18/15.
As a percentage of BRO's recent stock price of $30.98, this dividend works out to approximately 0.36%, so look for shares of Brown & Brown, Inc. to trade 0.36% lower — all else being equal — when BRO shares open for trading on 2/2/15. Similarly, investors should look for CYN to open 0.40% lower in price and for AMTD to open 0.46% lower, all else being equal.
Below are dividend history charts for BRO, CYN, and AMTD, showing historical dividends prior to the most recent ones declared.
Brown & Brown, Inc. (NYSE: BRO):
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 1.42% for Brown & Brown, Inc., 1.59% for City National Corp. , and 1.84% for TD Ameritrade Holding Corporation.
Special Offer: Find out what Frank Bifulco is holding in the Dividend OverDrive Portfolio with a free 30 day trial offer from Forbes
In Thursday trading, Brown & Brown, Inc. shares are currently down about 0.3%, City National Corp. shares are trading flat, and TD Ameritrade Holding Corporation shares are up about 0.8% on the day.
