Looking at the universe of stocks we cover at Dividend Channel, on 12/18/24, DoubleLine Yield Opportunities Fund (Symbol: DLY), Lamar Advertising Co (Symbol: LAMR), and Huntington Bancshares Inc (Symbol: HBAN) will all trade ex-dividend for their respective upcoming dividends. DoubleLine Yield Opportunities Fund will pay its monthly dividend of $0.1167 on 12/31/24, Lamar Advertising Co will pay its quarterly dividend of $1.40 on 12/30/24, and Huntington Bancshares Inc will pay its quarterly dividend of $0.155 on 1/2/25. As a percentage of DLY's recent stock price of $16.46, this dividend works out to approximately 0.71%, so look for shares of DoubleLine Yield Opportunities Fund to trade 0.71% lower — all else being equal — when DLY shares open for trading on 12/18/24. Similarly, investors should look for LAMR to open 1.09% lower in price and for HBAN to open 0.90% lower, all else being equal.
Below are dividend history charts for DLY, LAMR, and HBAN, showing historical dividends prior to the most recent ones declared.
DoubleLine Yield Opportunities Fund (Symbol: DLY):
Lamar Advertising Co (Symbol: LAMR):
Huntington Bancshares Inc (Symbol: HBAN):
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 8.51% for DoubleLine Yield Opportunities Fund, 4.34% for Lamar Advertising Co, and 3.61% for Huntington Bancshares Inc.
In Monday trading, DoubleLine Yield Opportunities Fund shares are currently up about 0.6%, Lamar Advertising Co shares are trading flat, and Huntington Bancshares Inc shares are trading flat 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.
