Looking at the universe of stocks we cover at Dividend Channel, on 6/8/15, UMB Financial Corp (NASD: UMBF), CME Group (NASD: CME), and Parkway Properties Inc. (NYSE: PKY) will all trade ex-dividend for their respective upcoming dividends. UMB Financial Corp will pay its quarterly dividend of $0.235 on 7/1/15, CME Group will pay its quarterly dividend of $0.50 on 6/25/15, and Parkway Properties Inc. will pay its quarterly dividend of $0.1875 on 6/24/15.
As a percentage of UMBF's recent stock price of $54.29, this dividend works out to approximately 0.43%, so look for shares of UMB Financial Corp to trade 0.43% lower — all else being equal — when UMBF shares open for trading on 6/8/15. Similarly, investors should look for CME to open 0.53% lower in price and for PKY to open 1.10% lower, all else being equal.
Below are dividend history charts for UMBF, CME, and PKY, showing historical dividends prior to the most recent ones declared.
UMB Financial Corp (NASD: UMBF):
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 1.73% for UMB Financial Corp, 2.12% for CME Group, and 4.38% for Parkway Properties Inc. In general, most investors consider any yield over 7% to be high yield stocks.
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In Thursday trading, UMB Financial Corp shares are currently off about 0.8%, CME Group shares are down about 0.2%, and Parkway Properties Inc. shares are down about 1% on the day.
