Looking at the universe of stocks we cover at Dividend Channel, on 2/18/15, Park National Corp. (AMEX: PRK), Primerica Inc. (NYSE: PRI), and KKR & Company LP (NYSE: KKR) will all trade ex-dividend for their respective upcoming dividends. Park National Corp. will pay its quarterly dividend of $0.94 on 3/10/15, Primerica Inc. will pay its quarterly dividend of $0.16 on 3/16/15, and KKR & Company LP will pay its quarterly dividend of $0.35 on 3/6/15.
As a percentage of PRK's recent stock price of $87.00, this dividend works out to approximately 1.08%, so look for shares of Park National Corp. to trade 1.08% lower — all else being equal — when PRK shares open for trading on 2/18/15. Similarly, investors should look for PRI to open 0.29% lower in price and for KKR to open 1.44% lower, all else being equal.
Below are dividend history charts for PRK, PRI, and KKR, showing historical dividends prior to the most recent ones declared.
Park National Corp. (AMEX: PRK):
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 4.32% for Park National Corp. , 1.16% for Primerica Inc., and 5.76% for KKR & Company LP.
Special Offer: Find out what Frank Bifulco is holding in the Dividend OverDrive Portfolio with a free 30 day trial offer from Forbes
In Tuesday trading, Park National Corp. shares are currently up about 0.2%, Primerica Inc. shares are off about 0.1%, and KKR & Company LP shares are off about 0.5% on the day.