Looking at the universe of stocks we cover at Dividend Channel, on 12/15/14, UIL Holding Corp (NYSE: UIL), Cincinnati Financial Corp. (NASD: CINF), and Fidelity National Financial Inc (NYSE: FNF) will all trade ex-dividend for their respective upcoming dividends. UIL Holding Corp will pay its quarterly dividend of $0.432 on 1/2/15, Cincinnati Financial Corp. will pay its quarterly dividend of $0.44 on 1/15/15, and Fidelity National Financial Inc will pay its quarterly dividend of $0.18 on 12/31/14.
As a percentage of UIL's recent stock price of $42.81, this dividend works out to approximately 1.01%, so look for shares of UIL Holding Corp to trade 1.01% lower — all else being equal — when UIL shares open for trading on 12/15/14. Similarly, investors should look for CINF to open 0.85% lower in price and for FNF to open 0.54% lower, all else being equal.
Below are dividend history charts for UIL, CINF, and FNF, showing historical dividends prior to the most recent ones declared.
UIL Holding Corp (NYSE: UIL):
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 4.04% for UIL Holding Corp, 3.39% for Cincinnati Financial Corp., and 2.17% for Fidelity National Financial Inc.
Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial
In Thursday trading, UIL Holding Corp shares are currently up about 0.4%, Cincinnati Financial Corp. shares are up about 0.8%, and Fidelity National Financial Inc shares are up about 0.5% on the day.
