Looking at the universe of stocks we cover at Dividend Channel, on 9/29/14, Phoenix Companies, Inc. (NYSE: PFX),
As a percentage of PFX's recent stock price of $24.75, this dividend works out to approximately 1.88%, so look for shares of Phoenix Companies, Inc. to trade 1.88% lower — all else being equal — when PFX shares open for trading on 9/29/14. Similarly, investors should look for NLY to open 2.67% lower in price and for MHLD to open 0.95% lower, all else being equal.
Below are dividend history charts for PFX, NLY, and MHLD, showing historical dividends prior to the most recent ones declared.
Phoenix Companies, Inc. (NYSE: PFX):
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 7.53% for Phoenix Companies, Inc. , 10.69% for Annaly Capital Management Inc, and 3.81% for Maiden Holdings Ltd.
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In Thursday trading, Phoenix Companies, Inc. shares are currently up about 0.2%, Annaly Capital Management Inc shares are off about 0.1%, and Maiden Holdings Ltd shares are down about 0.2% on the day.
