Looking at the universe of stocks we cover at Dividend Channel, on 2/28/22, iStar Inc (Symbol: STAR), KeyCorp (Symbol: KEY), and Hartford Financial Services Group Inc. (Symbol: HIG) will all trade ex-dividend for their respective upcoming dividends. iStar Inc will pay its quarterly dividend of $0.125 on 3/15/22, KeyCorp will pay its quarterly dividend of $0.195 on 3/15/22, and Hartford Financial Services Group Inc. will pay its quarterly dividend of $0.385 on 4/4/22. As a percentage of STAR's recent stock price of $22.91, this dividend works out to approximately 0.55%, so look for shares of iStar Inc to trade 0.55% lower — all else being equal — when STAR shares open for trading on 2/28/22. Similarly, investors should look for KEY to open 0.83% lower in price and for HIG to open 0.57% lower, all else being equal.
Below are dividend history charts for STAR, KEY, and HIG, showing historical dividends prior to the most recent ones declared.
iStar Inc (Symbol: STAR):
KeyCorp (Symbol: KEY):
Hartford Financial Services Group Inc. (Symbol: HIG):
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 2.18% for iStar Inc, 3.33% for KeyCorp, and 2.29% for Hartford Financial Services Group Inc..
In Thursday trading, iStar Inc shares are currently down about 2.1%, KeyCorp shares are down about 5.1%, and Hartford Financial Services Group Inc. shares are off about 3.1% 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.
