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Ex-Dividend Reminder: FelCor Lodging Trust, General Growth Properties and Pennymac Mortgage Investment Trust

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This article is more than 9 years old.

Looking at the universe of stocks we cover at Dividend Channel, on 7/11/14, FelCor Lodging Trust, Inc. (NYSE: FCH), General Growth Properties Inc (NYSE: GGP), and Pennymac Mortgage Investment Trust (NYSE: PMT) will all trade ex-dividend for their respective upcoming dividends. FelCor Lodging Trust, Inc. will pay its quarterly dividend of $0.02 on 7/31/14, General Growth Properties Inc will pay its quarterly dividend of $0.15 on 7/31/14, and Pennymac Mortgage Investment Trust will pay its quarterly dividend of $0.59 on 7/30/14.

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As a percentage of FCH's recent stock price of $10.25, this dividend works out to approximately 0.20%, so look for shares of FelCor Lodging Trust, Inc. to trade 0.20% lower — all else being equal — when FCH shares open for trading on 7/11/14. Similarly, investors should look for GGP to open 0.63% lower in price and for PMT to open 2.65% lower, all else being equal.

Below are dividend history charts for FCH, GGP, and PMT, showing historical dividends prior to the most recent ones declared.

FelCor Lodging Trust, Inc. (NYSE: FCH):

General Growth Properties Inc (NYSE: GGP):

Pennymac Mortgage Investment Trust (NYSE: PMT):

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 0.78% for FelCor Lodging Trust, Inc., 2.53% for General Growth Properties Inc, and 10.61% for Pennymac Mortgage Investment Trust.


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In Wednesday trading, FelCor Lodging Trust, Inc. shares are currently off about 0.3%, General Growth Properties Inc shares are down about 0.5%, and Pennymac Mortgage Investment Trust shares are off about 0.5% on the day.