Looking at the universe of stocks we cover at Dividend Channel, on 3/28/14, Sterling Financial Corp. (STSA), International Bancshares Corp. (IBOC), and Bank of Nova Scotia (BNS) will all trade ex-dividend for their respective upcoming dividends. Sterling Financial Corp. will pay its quarterly dividend of $0.20 on 4/15/14, International Bancshares Corp. will pay its semi-annual dividend of $0.25 on 4/18/14, and Bank of Nova Scotia Halifax will pay its quarterly dividend of $0.64 on 4/28/14.
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As a percentage of STSA's recent stock price of $33.80, this dividend works out to approximately 0.59%, so look for shares of Sterling Financial Corp. to trade 0.59% lower — all else being equal — when STSA shares open for trading on 3/28/14. Similarly, investors should look for IBOC to open 0.96% lower in price and for BNS to open 1.10% lower, all else being equal.
Below are dividend history charts for STSA, IBOC, and BNS, showing historical dividends prior to the most recent ones declared.
Sterling Financial Corp. (STSA)
International Bancshares Corp. (IBOC)
Bank of Nova Scotia Halifax (BNS)
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 2.37% for Sterling Financial Corp. , 1.91% for International Bancshares Corp., and 4.40% for Bank of Nova Scotia Halifax.