Ex-Dividend Reminder: DiamondRock Hospitality, InfraREIT and Franklin Resources

Looking at the universe of stocks we cover at Dividend Channel, on 9/28/17, DiamondRock Hospitality Co. (DRH), InfraREIT Inc (HIFR), and Franklin Resources, Inc. (BEN) will all trade ex-dividend for their respective upcoming dividends. DiamondRock Hospitality Co. will pay its quarterly dividend of $0.125 on 10/12/17, InfraREIT Inc will pay its quarterly dividend of $0.25 on 10/19/17, and Franklin Resources, Inc. will pay its quarterly dividend of $0.20 on 10/13/17.

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As a percentage of DRH's recent stock price of $10.99, this dividend works out to approximately 1.14%, so look for shares of DiamondRock Hospitality Co. to trade 1.14% lower — all else being equal — when DRH shares open for trading on 9/28/17. Similarly, investors should look for HIFR to open 1.13% lower in price and for BEN to open 0.46% lower, all else being equal.

Below are dividend history charts for DRH, HIFR, and BEN, showing historical dividends prior to the most recent ones declared.

DiamondRock Hospitality Co. (DRH):

DRH+Dividend+History+Chart

InfraREIT Inc (HIFR):

HIFR+Dividend+History+Chart

Franklin Resources, Inc. (BEN):

BEN+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 4.55% for DiamondRock Hospitality Co., 4.51% for InfraREIT Inc, and 1.84% for Franklin Resources, Inc..

In Tuesday trading, DiamondRock Hospitality Co. shares are currently up about 0.1%, InfraREIT Inc shares are trading flat, and Franklin Resources, Inc. shares are up about 0.4% on the day.

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