Looking at the universe of stocks we cover at Dividend Channel, on 12/15/14, Renasant Corp (NASD: RNST), PrivateBancorp, Inc. (NASD: PVTB), and Legg Mason, Inc. (NYSE: LM) will all trade ex-dividend for their respective upcoming dividends. Renasant Corp will pay its quarterly dividend of $0.17 on 12/31/14, PrivateBancorp, Inc. will pay its quarterly dividend of $0.01 on 12/31/14, and Legg Mason, Inc. will pay its quarterly dividend of $0.16 on 1/12/15.
As a percentage of RNST's recent stock price of $28.86, this dividend works out to approximately 0.59%, so look for shares of Renasant Corp to trade 0.59% lower — all else being equal — when RNST shares open for trading on 12/15/14. Similarly, investors should look for PVTB to open 0.03% lower in price and for LM to open 0.30% lower, all else being equal.
Below are dividend history charts for RNST, PVTB, and LM, showing historical dividends prior to the most recent ones declared.
Renasant Corp (NASD: RNST):
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 2.36% for Renasant Corp, 0.13% for PrivateBancorp, Inc., and 1.20% for Legg Mason, Inc..
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In Thursday trading, Renasant Corp shares are currently up about 0.5%, PrivateBancorp, Inc. shares are up about 1.4%, and Legg Mason, Inc. shares are up about 1.4% on the day.
