Looking at the universe of stocks we cover at Dividend Channel, on 6/13/17, Valley National Bancorp (VLY - Get Report), ARMOUR Residential REIT Inc. (ARR), and Lamar Advertising Co (LAMR) will all trade ex-dividend for their respective upcoming dividends. Valley National Bancorp will pay its quarterly dividend of $0.11 on 7/3/17, ARMOUR Residential REIT Inc. will pay its monthly dividend of $0.19 on 6/29/17, and Lamar Advertising Co will pay its quarterly dividend of $0.83 on 6/30/17.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

As a percentage of VLY's recent stock price of $11.91, this dividend works out to approximately 0.92%, so look for shares of Valley National Bancorp to trade 0.92% lower — all else being equal — when VLY shares open for trading on 6/13/17. Similarly, investors should look for ARR to open 0.73% lower in price and for LAMR to open 1.19% lower, all else being equal.

Below are dividend history charts for VLY, ARR, and LAMR, showing historical dividends prior to the most recent ones declared.

Valley National Bancorp (VLY - Get Report):

VLY+Dividend+History+Chart

ARMOUR Residential REIT Inc. (ARR):

ARR+Dividend+History+Chart

Lamar Advertising Co (LAMR):

LAMR+Dividend+History+Chart

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 3.69% for Valley National Bancorp, 8.71% for ARMOUR Residential REIT Inc., and 4.76% for Lamar Advertising Co .

In Friday trading, Valley National Bancorp shares are currently up about 1.3%, ARMOUR Residential REIT Inc. shares are up about 0.3%, and Lamar Advertising Co shares are off about 0.2% on the day.