Looking at the universe of stocks we cover at Dividend Channel, on 11/6/14, Capital One Financial Corp (NYSE: COF), CIT Group, Inc. (NYSE: CIT), and Macerich Co. (NYSE: MAC) will all trade ex-dividend for their respective upcoming dividends. Capital One Financial Corp will pay its quarterly dividend of $0.30 on 11/20/14, CIT Group, Inc. will pay its quarterly dividend of $0.15 on 11/26/14, and Macerich Co. will pay its quarterly dividend of $0.65 on 12/5/14.
As a percentage of COF's recent stock price of $81.99, this dividend works out to approximately 0.37%, so look for shares of Capital One Financial Corp to trade 0.37% lower — all else being equal — when COF shares open for trading on 11/6/14. Similarly, investors should look for CIT to open 0.31% lower in price and for MAC to open 0.91% lower, all else being equal.
Below are dividend history charts for COF, CIT, and MAC, showing historical dividends prior to the most recent ones declared.
Capital One Financial Corp (NYSE: COF):
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 1.46% for Capital One Financial Corp, 1.23% for CIT Group, Inc., and 3.64% for Macerich Co. .
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In Wednesday trading, Capital One Financial Corp shares are currently down about 0.6%, CIT Group, Inc. shares are up about 0.3%, and Macerich Co. shares are up about 0.1% on the day.
