Looking at the universe of stocks we cover at Dividend Channel, on 7/30/15, LegacyTexas Financial Group Inc (NASD: LTXB), Citigroup Inc (NYSE: C), and WestAmerica Bancorporation (NASD: WABC) will all trade ex-dividend for their respective upcoming dividends. LegacyTexas Financial Group Inc will pay its quarterly dividend of $0.14 on 8/17/15, Citigroup Inc will pay its quarterly dividend of $0.05 on 8/28/15, and WestAmerica Bancorporation will pay its quarterly dividend of $0.38 on 8/14/15.
As a percentage of LTXB's recent stock price of $30.50, this dividend works out to approximately 0.46%, so look for shares of LegacyTexas Financial Group Inc to trade 0.46% lower — all else being equal — when LTXB shares open for trading on 7/30/15. Similarly, investors should look for C to open 0.09% lower in price and for WABC to open 0.77% lower, all else being equal.
Below are dividend history charts for LTXB, C, and WABC, showing historical dividends prior to the most recent ones declared.
LegacyTexas Financial Group Inc (NASD: LTXB):
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 1.84% for LegacyTexas Financial Group Inc, 0.34% for Citigroup Inc, and 3.08% for WestAmerica Bancorporation.
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In Tuesday trading, LegacyTexas Financial Group Inc shares are currently down about 0.6%, Citigroup Inc shares are up about 0.3%, and WestAmerica Bancorporation shares are up about 0.1% on the day.
