Looking at the universe of stocks we cover at Dividend Channel, on 9/4/20, First American Financial Corp (Symbol: FAF), NIC Inc. (Symbol: EGOV), and Albany International Corp (Symbol: AIN) will all trade ex-dividend for their respective upcoming dividends. First American Financial Corp will pay its quarterly dividend of $0.44 on 9/15/20, NIC Inc. will pay its quarterly dividend of $0.09 on 9/22/20, and Albany International Corp will pay its quarterly dividend of $0.19 on 10/7/20.
As a percentage of FAF’s recent stock price of $52.50, this dividend works out to approximately 0.84%, so look for shares of First American Financial Corp to trade 0.84% lower — all else being equal — when FAF shares open for trading on 9/4/20. Similarly, investors should look for EGOV to open 0.41% lower in price and for AIN to open 0.36% lower, all else being equal.
Below are dividend history charts for FAF, EGOV, and AIN, showing historical dividends prior to the most recent ones declared.
First American Financial Corp (Symbol: FAF):
NIC Inc. (Symbol: EGOV):
Albany International Corp (Symbol: AIN):
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 3.35% for First American Financial Corp, 1.64% for NIC Inc., and 1.44% for Albany International Corp.
In Wednesday trading, First American Financial Corp shares are currently off about 0.7%, NIC Inc. shares are up about 1.1%, and Albany International Corp shares are up about 0.2% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.