Looking at the universe of stocks we cover at Dividend Channel, on 5/4/16, Astoria Financial Corp. (AF), New York REIT Inc (NYRT), and Oritani Financial Corp (ORIT) will all trade ex-dividend for their respective upcoming dividends. Astoria Financial Corp. will pay its quarterly dividend of $0.04 on 5/17/16, New York REIT Inc will pay its monthly dividend of $0.0383 on 5/13/16, and Oritani Financial Corp will pay its quarterly dividend of $0.175 on 5/20/16.

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As a percentage of AF's recent stock price of $15.12, this dividend works out to approximately 0.26%, so look for shares of Astoria Financial Corp. to trade 0.26% lower — all else being equal — when AF shares open for trading on 5/4/16. Similarly, investors should look for NYRT to open 0.39% lower in price and for ORIT to open 1.01% lower, all else being equal.

Below are dividend history charts for AF, NYRT, and ORIT, showing historical dividends prior to the most recent ones declared.

Astoria Financial Corp. (AF):


New York REIT Inc (NYRT):


Oritani Financial Corp (ORIT):


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 1.06% for Astoria Financial Corp., 4.66% for New York REIT Inc, and 4.04% for Oritani Financial Corp .

In Monday trading, Astoria Financial Corp. shares are currently up about 0.5%, New York REIT Inc shares are up about 0.5%, and Oritani Financial Corp shares are trading flat on the day.