Looking at the universe of stocks we cover at Dividend Channel, on 1/21/22, Service Properties Trust (Symbol: SVC), Lakeland Financial Corp (Symbol: LKFN), and AZZ Inc (Symbol: AZZ) will all trade ex-dividend for their respective upcoming dividends. Service Properties Trust will pay its quarterly dividend of $0.01 on 2/17/22, Lakeland Financial Corp will pay its quarterly dividend of $0.40 on 2/7/22, and AZZ Inc will pay its quarterly dividend of $0.17 on 2/8/22.
As a percentage of SVC’s recent stock price of $9.17, this dividend works out to approximately 0.11%, so look for shares of Service Properties Trust to trade 0.11% lower — all else being equal — when SVC shares open for trading on 1/21/22. Similarly, investors should look for LKFN to open 0.50% lower in price and for AZZ to open 0.34% lower, all else being equal.
Below are dividend history charts for SVC, LKFN, and AZZ, showing historical dividends prior to the most recent ones declared.
Service Properties Trust (Symbol: SVC):
Lakeland Financial Corp (Symbol: LKFN):
AZZ Inc (Symbol: AZZ):
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 0.44% for Service Properties Trust, 2.01% for Lakeland Financial Corp, and 1.35% for AZZ Inc.
In Thursday trading, Service Properties Trust shares are currently up about 0.9%, Lakeland Financial Corp shares are off about 3.3%, and AZZ Inc shares are up about 1% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.