Looking at the universe of stocks we cover at Dividend Channel, on 12/31/24, CareTrust REIT Inc (Symbol: CTRE), Acadia Realty Trust (Symbol: AKR), and Ellington Financial Inc (Symbol: EFC) will all trade ex-dividend for their respective upcoming dividends. CareTrust REIT Inc will pay its quarterly dividend of $0.29 on 1/15/25, Acadia Realty Trust will pay its quarterly dividend of $0.19 on 1/15/25, and Ellington Financial Inc will pay its monthly dividend of $0.13 on 1/27/25. As a percentage of CTRE's recent stock price of $27.43, this dividend works out to approximately 1.06%, so look for shares of CareTrust REIT Inc to trade 1.06% lower — all else being equal — when CTRE shares open for trading on 12/31/24. Similarly, investors should look for AKR to open 0.79% lower in price and for EFC to open 1.06% lower, all else being equal.
Below are dividend history charts for CTRE, AKR, and EFC, showing historical dividends prior to the most recent ones declared.
CareTrust REIT Inc (Symbol: CTRE):
Acadia Realty Trust (Symbol: AKR):
Ellington Financial Inc (Symbol: EFC):
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 4.23% for CareTrust REIT Inc, 3.15% for Acadia Realty Trust, and 12.75% for Ellington Financial Inc.
In Friday trading, CareTrust REIT Inc shares are currently up about 0.1%, Acadia Realty Trust shares are up about 0.2%, and Ellington Financial Inc shares are down about 0.2% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
