Looking at the universe of stocks we cover at Dividend Channel, on 12/30/19, Rexford Industrial Realty Inc (Symbol: REXR), Sun Communities Inc (Symbol: SUI), and Corporate Office Properties Trust (Symbol: OFC) will all trade ex-dividend for their respective upcoming dividends. Rexford Industrial Realty Inc will pay its quarterly dividend of $0.185 on 1/15/20, Sun Communities Inc will pay its quarterly dividend of $0.75 on 1/15/20, and Corporate Office Properties Trust will pay its quarterly dividend of $0.275 on 1/15/20. As a percentage of REXR's recent stock price of $45.10, this dividend works out to approximately 0.41%, so look for shares of Rexford Industrial Realty Inc to trade 0.41% lower — all else being equal — when REXR shares open for trading on 12/30/19. Similarly, investors should look for SUI to open 0.50% lower in price and for OFC to open 0.94% lower, all else being equal.
Below are dividend history charts for REXR, SUI, and OFC, showing historical dividends prior to the most recent ones declared.
Rexford Industrial Realty Inc (Symbol: REXR):
Sun Communities Inc (Symbol: SUI):
Corporate Office Properties Trust (Symbol: OFC):
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 1.64% for Rexford Industrial Realty Inc, 2.01% for Sun Communities Inc, and 3.77% for Corporate Office Properties Trust.
In Thursday trading, Rexford Industrial Realty Inc shares are currently up about 0.6%, Sun Communities Inc shares are up about 0.5%, and Corporate Office Properties Trust shares are up about 0.3% 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.
